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There is no such thing as salary on a contract.
Note - you will be a W2 or 1099 contractor? If 1099, your rate needs to compensate for the extra 7.5% income tax you will pay for self-employment.
I would say $45-$50/hr on a contract will be worthwhile but less than that is pretty muddy. $45/hr on W2, at least $50/hr for 1099.
Also note that on contracts there is potential to bill more than 40hrs/wk if approved, thereby further increasing income opportunities. With salary, this is not possible.
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