Finance & Money Calculators

Freelancer Hourly Rate Calculator

Estimate a freelancer hourly rate from income target, expenses, taxes, billable hours, and working weeks.

Freelancer Hourly Rate Calculator — Online Calculator

Freelancer Hourly Rate Calculator

Inputs

Results

Your Minimum Hourly Rate

$67.71

To reach your desired income

Day Rate (8 hrs):$541.67
Total Revenue Needed:$97500.00
Estimated Taxes:$17500.00
Total Billable Hours/Year:1440
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Disclaimer: This tool provides informational results only and should not be used as professional advice.

The Freelancer Hourly Rate Calculator estimates a sustainable hourly rate from target income, expenses, taxes, non-billable time, and annual working hours.

Hourly rate=Target income+Expenses+Tax allowanceBillable hours\text{Hourly rate}=\frac{\text{Target income}+\text{Expenses}+\text{Tax allowance}}{\text{Billable hours}}

Limitations

Use realistic billable hours that account for sales, administration, leave, gaps between projects, and unpaid work.

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