Freelance Hourly Rate Calculator
Stop guessing your rates. Calculate exactly how much you need to charge per hour to hit your income goals.
Software, internet, marketing, taxes, etc.
Time actually spent working on client projects (not admin work).
Your Required Rate
Total Working Weeks:48 weeks
Total Billable Hours:1440 hours
Gross Target Revenue:$65,000
Your Minimum Hourly Rate$45.14/hr
Why you need to calculate your hourly rate properly
Most new freelancers make the mistake of taking a full-time salary, dividing it by 2080 hours (40 hours x 52 weeks), and using that as their freelance rate. This guarantees you will be underpaid.
The Hidden Costs of Freelancing
- Unbillable Time: You will spend 20-40% of your time on admin, marketing, accounting, and sales. You can only bill for client work.
- Business Expenses: Software subscriptions, laptops, internet, and office space come out of your pocket.
- Self-Employment Taxes: In most countries, self-employed individuals pay double the payroll taxes compared to employees.
- Time Off: If you don't work, you don't get paid. You must factor in sick days and vacations into your annual rate.