Mini-App · Calculators
Calculate the Hourly Rate You Need to Charge as a Freelancer
For freelancers, consultants and solo contractors setting or checking their rates. Enter the yearly income you want to keep, your billable hours per week, your weeks off per year and your yearly business expenses.
You get your minimum hourly rate. You also see your working weeks, billable hours per year, the yearly revenue you need, and weekly and monthly revenue targets.
Results update as you type. Free to use.
Minimum hourly rate
59.13 per hour
- Working weeks per year
- 46 weeks
- Billable hours per year
- 1,150 hours
- Yearly revenue needed
- 68,000
- Revenue target per working week
- 1,478.26 per week
- Average revenue per month
- 5,666.67 per month
How to use it
- 1Type the yearly income you want to keep after business expenses.
- 2Enter the hours per week you can actually bill to clients, the weeks you take off each year (holidays, sick days, quiet periods), and your yearly business expenses.
- 3Minimum hourly rate is what you must charge per billable hour to reach your goal.
- 4Working weeks, billable hours, and the weekly and monthly revenue targets help you check whether the plan is realistic.
Common questions
How is the minimum hourly rate calculated?
Your desired income and yearly business expenses are added together to get the revenue you need. That total is divided by your billable hours per year, which is (52 minus weeks off) times your billable hours per week.
Should I enter all the hours I work or only billable hours?
Enter only the hours you can actually charge to clients. Time spent on admin, marketing, invoicing and finding work isn't billable, so counting it would make your rate too low.
Does the desired income include taxes?
The calculator doesn't add taxes for you. If you want a take-home figure, raise your desired income to cover income and self-employment taxes, or include an estimated tax amount in your yearly business expenses.
Does it cost anything, and do I need to upload a file?
No. This is a calculator, so it's free to use. There's no file to upload. You just type in four numbers and the results appear.