Day Rate to Salary Converter
Convert a day rate to an equivalent annual salary, or the other way around, based on how many days you actually expect to work in a year.
This tool is provided for convenience and does not constitute tax, legal, or financial advice. Check figures and documents with a qualified professional before relying on them.
Editing either field updates the other automatically -- enter a salary target to find the equivalent day rate, or a day rate offer to see the equivalent annual salary.
52 minus holidays, sick days, and time between contracts.
Day rate
$304.35
Annual salary equivalent$70,000.00
Working days / year230
FAQ
- Why isn't a day rate just salary divided by 260 (5 days x 52 weeks)?
- Because contractors and freelancers don't work all 52 weeks -- time between contracts, holidays, and sick days all reduce actual working days. Using 260 days overstates your real annual income. This calculator defaults to 46 working weeks (about 6 weeks unpaid) which is a more realistic starting point -- adjust it to match your own situation.
- Is a day rate the same as a daily rate for full-time employment?
- Not quite. A day rate for contract work is usually gross, before you cover your own taxes, benefits, equipment, and downtime between contracts -- unlike an employee salary, which usually comes with benefits and guaranteed hours on top.
- Is my data sent anywhere?
- No. The calculation runs entirely in your browser -- nothing is sent to a server.
Related tools
For hourly rather than day-rate work, try the Hourly Rate Calculator. Once you have a rate, send it to a client with the Quote Generator. See all tools.