Calculating Your Hourly Wage

Posted on April 13th, 2007 by thetshirtnexus.
Categories: General Business.

When I first started my shop I remember wondering how much I made per hour doing this crazy thing. For those who might wonder the same thing here’s a fast way to figure it out if you know what you made for a full year.

To find your hourly rate, divide by two and drop the thousand. So $50,000/year becomes approximately $25/hour.

This is based on a general 40-hour workweek and doesn’t include taxes, but it’s a good general back-of-the-napkin trick.

Of course you will have to adjust to reflect your own working hours.
Thanks to Ramit for the calculation!

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