Freelance Hourly Rate Calculator
Calculate your ideal hourly, daily, and project rates based on your income goals and working schedule. Factor in non-billable time to get accurate rates.
Your Information
Your target take-home income for the year
Typically 48-50 weeks (accounting for vacation)
Total hours you work (billable + non-billable)
Percentage of time spent on billable work
Hours for project-based rate calculation
Your Hourly Rate
$0
per hour
Your Daily Rate
$0
per day (8 hours)
Your Project Rate
$0
for 40 hours
Rate Breakdown:
Total Working Hours/Year:1,920
Billable Hours/Year:1,440
Required Hourly Rate:$0
How to Calculate Your Freelance Hourly Rate
Calculating the right freelance hourly rate is crucial for your business success. This freelance rate calculator helps you determine a sustainable rate that accounts for non-billable time, vacation, and business expenses.
Key Factors in Freelance Rate Calculation
- Desired Annual Income: The take-home pay you want to earn
- Billable Percentage: Most freelancers can bill 60-80% of their working hours
- Working Schedule: Account for vacation time and holidays
- Rate Flexibility: Offer hourly, daily, or project-based pricing
Tips for Setting Competitive Freelance Rates
- Research market rates in your industry and location
- Factor in your experience level and specialized skills
- Remember to account for business expenses and taxes
- Consider offering different rate structures (hourly vs. project)
- Review and adjust your rates annually