Calculyn

Freelance Hourly Rate Calculator

Work out the hourly rate you need to charge as a freelancer or contractor to hit your income goal.

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Results update as you type.

Minimum hourly rate

$100.12
Revenue needed per year
$115,143
Billable hours per year
1,150
Day rate (8 hours)
$801
Monthly revenue target
$9,595
Minimum hourly rate$100.12

Results are estimates for planning and are not financial advice.

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Quick answer

To take home $75,000 with $8,000 of expenses and a 30% tax rate, billing 25 hours a week for 46 weeks, charge at least about $100 an hour.

How it works

Freelancers pay their own taxes and expenses and can't bill every hour. This grosses up your income goal for taxes, adds expenses, and spreads it over your billable hours.

Formula

Rate = (income ÷ (1 − tax rate) + expenses) ÷ (billable hours × weeks)

Assumptions & limitations

  • Results are rounded for display.

Frequently asked questions

Why fewer billable hours than I work?

Admin, sales, invoicing and learning take real time. Most freelancers bill 50–70% of hours worked.