Annual to Monthly Income Calculator
Break an annual salary into monthly, semi-monthly, biweekly, weekly and hourly pay so every pay period lines up.
How it works
Monthly = annual ÷ 12 · Biweekly = annual ÷ 26 · Weekly = annual ÷ 52 · Hourly = weekly ÷ hours per week
Dividing an annual salary by 12 gives monthly pay, but the trickier conversions are biweekly and weekly: there are 26 biweekly periods a year (not 24) and 52 weekly ones, so a biweekly cheque is smaller than half a monthly one. Two months a year contain a third biweekly payday, which is why biweekly and semi-monthly totals differ despite looking similar. Hourly rate falls out of weekly pay divided by hours worked, so a longer week lowers the implied hourly rate for the same salary.
Worked example
A $60,000 salary is $5,000 a month, $2,500 semi-monthly, about $2,307.69 biweekly, $1,153.85 weekly, and — at 40 hours a week — roughly $28.85 an hour.
Frequently asked questions
Why is biweekly pay less than half my monthly pay?
A year has 26 biweekly pay periods but only 12 months, so each biweekly cheque is annual ÷ 26, which is smaller than a monthly cheque ÷ 2. Twice a year you receive a third biweekly payday in a single month, which balances it out over the year.
What is the difference between biweekly and semi-monthly?
Biweekly means every two weeks — 26 pay periods a year. Semi-monthly means twice a month, usually the 15th and last day — 24 pay periods. Semi-monthly cheques are slightly larger because there are fewer of them.
How is the hourly rate calculated?
We divide weekly pay (annual ÷ 52) by the hours you work each week. At 40 hours, a $60,000 salary works out to about $28.85 per hour before tax.
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Educational estimate, not financial advice.