Freelance Rate Calculator

Determine your ideal hourly rate based on your financial goals and business costs.

Financial Goals

Enter your target income and estimated costs

Desired Annual Net Income ($)

Annual Business Expenses ($)

Billable Hours per Week

Vacation Weeks per Year

Your Target Hourly Rate

$63/hr

To earn $80,000 net after $10,000 in expenses.

Breakdown

Total Revenue Needed:$90,000

Billable Weeks:48 weeks

Total Billable Hours:1,440 hrs

How to use this calculator

Setting your freelance rate is more than just picking a number. You need to account for taxes, insurance, software, and the fact that you won't be billable 40 hours a week (admin, marketing, and learning take time).

Net Income: What you want to take home before personal taxes.
Expenses: Include software, hardware, office space, and health insurance.
Billable Hours: Most freelancers average 20-30 billable hours per week.
Buffer: Consider adding 15-20% to this rate for unexpected costs or slow months.

Preparing Your Experience

Fetching components & streaming content. This won't take long.