True Hourly Rate Calculator
Calculate your real hourly rate after accounting for taxes, commuting, and unpaid overtime.
True Hourly Value
$29.14
The "Paper" Gap
-31%
Annual Net Cash
$63,750
Job Profile
Value Comparison
Stated vs. Realized Hourly
The Realized Income Method
The True Value Formula
Life Value Inquiries
?Does commute time really count as work?
Absolutely. Unless you can freely do whatever you want during that time, commute time is 'constrained time' dedicated to your employer. You wouldn't be driving that route if they didn't pay you.
?How do I use this number to negotiate?
If you are considering a new job with a higher salary but a longer commute, use this calculator. Often, a 'raise' is actually a pay cut when you factor in the lost hours of driving.
?What is the 'Rule of Delegation'?
If your realized rate is $50/hr and you can pay someone $25/hr to clean your house, you are mathematically gaining $25/hr by delegating that task.
?Why include taxes in hourly value?
Because you can only spend what you keep. 'Gross hourly' is a marketing number for your career; 'Realized hourly' is the practical number for your lifestyle.