Freelance Hourly Rate Calculator

Calculate freelance billable hourly rates and day rates online. Factor in taxes, business expenses, vacation, and billable hours. Free finance tool.

About this tool

Freelance Hourly Rate Calculator determines your required billable hourly and day rates based on target income, business overhead, taxes, and vacation time.

How to use

  1. Enter your desired annual net take-home salary.
  2. Add monthly business costs (software, equipment, health insurance) and estimated tax rate.
  3. Set vacation weeks and realistic billable hours per week (e.g. 25 hrs).
  4. View your minimum billable hourly rate, standard day rate, and monthly billing target.

FAQ

Why shouldn't I assume 40 billable hours per week?

Freelancers spend 10-15 hours/week on non-billable tasks (marketing, admin, invoicing, proposals).

How is the safety profit margin applied?

It adds a buffer for unexpected downtime, equipment replacement, and business growth.

What does Freelance Hourly Rate Calculator do?

Freelance Hourly Rate Calculator determines your required billable hourly and day rates based on target income, business overhead, taxes, and vacation time.

How do I use Freelance Hourly Rate Calculator?

Open the Freelance Hourly Rate Calculator tool, then enter your desired annual net take-home salary.

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