True Hourly Rate Calculator
The hourly rate on your payslip isn't the one you actually earn. Add in unpaid overtime, the commute and work costs, or, for freelancers, unbillable time, holidays and business costs, and see the wake-up number: what you're really paid per hour.
Estimate only. This calculator gives estimates for information only, not financial or employment advice. Your actual take-home pay depends on your full personal tax position.
Enter your details to see your true hourly rate
Your headline vs TRUE hourly rate, and what that means for your time, appear here.
Why your "hourly rate" isn't what you think
Most people calculate their hourly rate as salary divided by contracted hours, but that ignores unpaid overtime, the commute (which is unpaid time you have to spend to do the job) and the money that leaves your pocket just to get to work and eat lunch. Once you divide your actual take-home pay, after those costs, by every hour the job costs you, the TRUE hourly rate is often noticeably lower than the headline figure. Freelancers face the same effect from a different angle: a day rate only gets paid for billable days, so unbillable admin time, unpaid holidays and business costs all quietly reduce the real hourly return.