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Hourly Rate Calculator

Calculate the perfect freelance rate to hit your income goals.

Your Hourly Rate
$61.11
Daily Rate (8h)
$488.89
Monthly Rate
$10,755.56
Gross Revenue
$88,000.00
Working Weeks
48
Total Work Hours
1,920
Billable Hours
1,440

Revenue Breakdown

$88,000.00

Take-Home Income
$60,000.00
Annual Expenses
$6,000.00
Taxes
$22,000.00
Formula: ($60,000.00 + $6,000.00) / (1 - 25%) = $88,000.00 / 1,440 h = $61.11/h

Free freelancer hourly rate calculator

Setting the right freelance hourly rate is one of the most important decisions you will make as a self-employed professional. Charge too little and you will struggle to cover your expenses and taxes. Charge too much and you may lose clients. This calculator takes the guesswork out of pricing by working backward from your desired take-home income. Enter what you want to earn, your expected expenses, your tax rate, and how many hours you can realistically bill, and the tool instantly computes the minimum hourly rate you need to charge.

Need to create professional invoices? Try our invoice generator. Want to understand your salary breakdown? Use the salary calculator.

Compare your rate against annual figures with the salary calculator, create professional invoices for your clients using the invoice generator, or add tax to your quotes with the VAT calculator.

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