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Freelance Hourly Rate Calculator

Calculate your freelance hourly rate

Desired Annual Income ($)
Billable Hours/Week
Weeks Worked/Year
Overhead Rate (%)
Profit Margin (%)
Tax Rate (%)

Freelance Rate Formula

Net Rate = Desired Income / Total Billable Hours
Gross Rate = Net Rate / (1 - Tax Rate)
Hourly Rate = Gross Rate × (1 + Overhead + Profit)
Total Billable Hours = Hours/Week × Weeks/Year

Calculate your hourly rate to achieve your desired annual income as a freelancer.

Include expenses like software, marketing, insurance, and taxes in your overhead calculation.

Freelance Rate Considerations

Factors to consider when setting your rate:

Market Rate

Research what others charge for similar services.

Experience Level

Higher rates for specialized skills and expertise.

Overhead Costs

Software, equipment, marketing, insurance.

Value Provided

Price based on value delivered, not just time.

Example: $80,000 desired income, 30 billable hours × 48 weeks = $55.56 net rate. With taxes and overhead = ~$93/hour.

Applications

Freelancers Consultants Designers Developers Writers

Frequently Asked Questions

How to calculate freelance hourly rate?
Hourly Rate = (Desired Annual Income / Billable Hours) + Overhead Costs. Account for taxes and non-billable time.
What is a good freelance hourly rate?
Rates vary by industry. $50-$150+ per hour is common depending on skills and experience.
How many billable hours per year?
Typically 1,500-2,000 billable hours annually accounting for non-billable work.
Should I charge hourly or project-based?
Hourly for uncertain scope, project-based for well-defined projects. Hybrid approaches also work.

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