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Freelancer Hourly Rate Calculator

Calculate your ideal hourly rate based on your desired income, expenses, and available time.

Your Details

$

Your Ideal Hourly Rate

$117/hr
Daily Rate
$939
Weekly Rate
$4,697
Monthly Rate
$12,111

Breakdown

Take-Home Income$100,000
Taxes (25%)+ $33,333
Business Expenses+ $12,000
Total You Need to Earn$145,333

Time Analysis

Working Days/Year
221
Days Off/Year
40
Billable Hours/Year
1238 hours

Tips for Setting Your Rate

  • Billable Hours: Most freelancers can only bill 60-80% of their working time
  • Taxes: Remember to account for self-employment taxes (often higher than employee taxes)
  • Expenses: Include software, equipment, insurance, professional development, etc.
  • Buffer: Consider adding 10-20% buffer for unexpected expenses
  • Market Rate: Research what others in your field charge in your region

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Learn About Freelance Pricing

Why Calculate Your Hourly Rate?

Many freelancers undercharge because they don't account for all costs of running a business. This calculator helps you determine a rate that covers taxes, expenses, and ensures you reach your income goals.

What Affects Your Rate?

Billable Hours

Typically only 60-80% of your time is billable

Self-Employment Taxes

Often higher than regular employment taxes

Business Expenses

Software, equipment, insurance, training

Time Off

Vacation, sick days, and holidays