Convert an internship stipend into an hourly rate and net position after costs.
Accommodation in an expensive city can consume most of a stipend, so the effective hourly rate is often a fraction of the headline figure and can be negative. Comparing offers requires including location costs. A lower stipend near home frequently leaves more money than a higher one requiring relocation, which the headline figures obscure entirely.
Internship Stipend
Effective hourly rate = (net stipend − accommodation and relocation) ÷ total hours
Effective hourly rate = (net stipend − accommodation and relocation) ÷ total hours Accommodation in an expensive city can consume most of a stipend, so the effective hourly rate is often a fraction of the headline figure and can be negative. Comparing offers requires including location costs.
A lower stipend near home frequently leaves more money than a higher one requiring relocation, which the headline figures obscure entirely.
This calculator takes 6 inputs: Total stipend, Internship length, Hours per week, Monthly accommodation, One-off relocation and travel, Effective tax rate. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.