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Free 2026 hiring cost calculator

What will this hire really cost?

Enter a salary and state to see the full employer cost—payroll taxes, benefits, workers' comp, and overhead—beside the same 1099 contract.

Hiring cost estimateTX · Texas
Estimated annual employer cost
$99,323/yr
1.32× base salary$47.75/hr$24,323 over base
W-2 employee
$99,323
1099 contractor
$75,000
W-2 costs $24,323 more (32.4%) than this contract. Breakeven rate: $99,323.
Adjust the estimate

Results update instantly. Your values stay in this browser.

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2026 planning defaults · edit SUI in assumptionsTX details
2026
Current tax year
51
Jurisdictions
$0
No signup
Federal rates: IRS Pub 15State UI defaults: U.S. DOLUpdated July 2026

What's in the number

Salary is the smallest part of the bill.

A $75,000 salary in Texas actually costs an employer $99,323 — that's $24,323 on top of base pay. Here is exactly where every dollar goes.

Example: $75,000 base · Texas · default benefits.

Cost layerAnnual
Base salary
The number on the offer letter
$75,000
Employer FICA
6.2% Social Security + 1.45% Medicare
$5,738
FUTA
0.6% on the first $7,000
$42
State SUI
Unemployment insurance, varies by state
$243
Workers' comp
Premium per $100 of payroll
$750
Benefits
Health, retirement match, other
$10,050
Overhead
Equipment, software, space
$7,500
Fully-loaded cost$99,323

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FAQ

Questions employers ask.

What does it really cost to hire a W-2 employee?
More than the salary. On top of base pay, an employer owes 7.65% FICA (Social Security + Medicare), FUTA, state unemployment insurance, workers' compensation, plus any benefits and overhead. The fully-loaded cost typically runs 1.25–1.4× the base salary.
Is a 1099 contractor always cheaper than a W-2 employee?
On paper, usually — you pay only the contract amount, with no employer payroll taxes, benefits, or workers' comp. But the comparison isn't just price: misclassifying a worker who should be a W-2 employee exposes you to back taxes, penalties, and back wages. HiringMath shows the breakeven contract rate so you can compare honestly.
What is the employer payroll tax rate in 2026?
Federal employer payroll tax is 7.65% FICA — 6.2% Social Security on the first $184,500 of wages and 1.45% Medicare on all wages — plus 0.6% net FUTA on the first $7,000. On top of that, each state charges its own unemployment insurance (SUI), averaging about 2.06% for new employers.
How accurate are these numbers?
Federal constants come from IRS Publication 15; state SUI planning defaults and wage bases come from the U.S. Department of Labor's January 2026 comparison. Your assigned SUI rate can differ, so it is editable in the calculator. Figures are estimates for planning, not tax, legal, or accounting advice.