# How to Convert an Annual Salary Into a Per Hour Rate

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Calculating your annual salary and converting it to an hourly rate is particularly beneficial when searching for a new job and determining minimum salary requirements. It can also be useful when estimating the pay you would lose if you plan to take some unpaid time off one week. Or maybe you're just curious about how much you actually make per hour in your current salaried position.

Whatever the reason for wanting to know your hourly rate, it is good to know how to make this simple calculation.

For a good example, say you earn a \$75,000 annual salary. The calculation involved will be based on a 40 hour work week and 52 weeks worked in the year. The second example will use \$45,000 for the annual salary and a 35 hour work week.

Assuming you work throughout the year, start by dividing your annual salary by 52, the number of weeks in a year. This will give you the amount you make per week.

For the first example above, \$75,000 divided by 52 weeks in the year is \$1442.31. In the second example, a \$45,000 annual salary divided by 52 weeks per year is \$865.38.

If you only work for a part of the year, be sure to adjust the number of weeks worked accordingly. For example, if a teacher at a charter school earned a \$50,000 salary for working 36 weeks a year, 40 hours a week (including the time she spends grading papers), she would earn \$1388.89 per week (\$50,000/36) That would come out to \$34.72 per hour (\$1388.89/40).