| Pay Period | Unadjusted | Adjusted for Time Off |
|---|---|---|
| Hourly | - | - |
| Daily | - | - |
| Weekly | - | - |
| Bi-Weekly | - | - |
| Monthly | - | - |
| Annual | - | - |
U.S. Salary Statistics (2024)
$58,136
Average Annual Salary
$27.95
Average Hourly Rate
$1,118
Average Weekly Earnings
$4,845
Average Monthly Salary
Understanding Pay Periods
Different pay periods can affect your budgeting and cash flow. Here's what you need to know:
- Weekly (52 payments/year): Good for consistent cash flow, common in hourly positions
- Bi-weekly (26 payments/year): Most common in the US, results in two "three-paycheck months"
- Semi-monthly (24 payments/year): Easier for monthly expense planning
- Monthly (12 payments/year): Requires more careful budgeting but simplifies planning
Time Off and Benefits
When evaluating a salary, consider the total compensation package:
- Paid Time Off (PTO): Average is 10 vacation days + 10 holidays in the US
- Health Insurance: Can be worth $5,000-$20,000 annually
- Retirement Benefits: 401(k) matching can add 3-6% to total compensation
- Other Benefits: Work from home, flexible hours, professional development