Overtime Pay vs Free Time Calculator

Compare the value of overtime pay vs your free time.

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Overtime vs Free Time

Enter your hourly rate, overtime hours, and how you value your time.

Net value of overtime
$0/mo
Overtime pay: $0 · Time cost: $0
Weekly overtime pay
$0
Monthly overtime pay
$0
Value of lost free time
$0
Net monthly benefit
$0
Annual net benefit
$0
Effective hourly rate
$0

Worked example

With the default inputs shown below, this calculator returns the following results:

InputValue
Regular hourly rate ($)$25
Overtime hours per week10
Overtime multiplier1.5x (time and a half)
Value of your free time ($/hr)50
ResultValue
Net value of overtime$-541/mo
Weekly overtime pay$375/wk
Monthly overtime pay$1,624/mo
Value of lost free time$2,165/mo
Net monthly benefit$-541/mo
Annual net benefit$-6,495

Values shown are produced by this page in your browser; change any input to update them.

How to use the Overtime vs Free Time

  1. Regular hourly rate ($) — default $25
  2. Overtime hours per week — default 10
  3. Overtime multiplier — default 1.5x (time and a half)
  4. Value of your free time ($/hr) — default 50
  5. Press Calculate to update the results instantly.

Frequently asked questions

Only if the extra pay beats the value of the time. At 1.5x, an hour worth $25 paid becomes $37.50, so it is usually worth it in cash terms.
Use your after-tax hourly rate as a starting point, then adjust for how much you need the rest. Burnt-out workers should value rest higher.
The extra income is taxed at your marginal rate, but the hours are not taxed at a special higher rate. Some overtime may also lift you into a higher band.

Sources & references