ToolZone

Freelance Hourly Rate Calculator

Work out the hourly rate you actually need to charge based on your target income, expenses, taxes, and billable hours.

$87.30
Hourly rate to charge
1,344
Billable hours per year
$117,333
Gross revenue needed

Billable percentage accounts for time spent on things like admin, marketing, and finding clients, which aren't directly billable. Most freelancers bill for well under 100% of their working hours.

About the Freelance Hourly Rate Calculator

A freelance hourly rate calculator works backward from your target income to the hourly rate you actually need to charge, accounting for taxes, expenses, and the reality that not every hour is billable.

How to use

1

Enter your target take-home income and yearly business expenses.

2

Enter your tax rate, time off, and weekly working hours.

3

Enter what percentage of your time is actually billable, then view your required hourly rate.

Frequently asked questions

Why isn't 100% of my time billable?
Time spent on admin, invoicing, marketing, and finding new clients isn't directly billable to any project, so most freelancers only bill for 60 to 80% of their total working hours.
Should I charge exactly the rate this calculates?
This gives you the minimum rate needed to hit your income goal. Market rates, experience, and demand for your skills may support charging more.

Explore more tools in the Business category.