Freelance Rate Calculator
Calculate your ideal hourly rate based on your desired income, expenses, and billable hours. This calculator accounts for taxes and a buffer for unexpected costs.
Your Information
Quick Presets
Click Enable to enter your own hourly rate and see your potential income
The amount you want to earn net per year
Typically 1600-1800 hours (40 hours/week, 40-45 weeks/year)
Software, hardware, office, insurance, accountant, etc.
Average 25-40% for freelancers (varies by country)
Extra buffer for unexpected costs and slower periods
Typical 4-6 weeks per year for work-life balance
Recommended Hourly Rate
per hour
Day Rate
$554
8 hours
Week Rate
$2,770
40 hours
Monthly Income
$9,231
Average per month
Weekly Income
$2,308
48 working weeks
Calculation Breakdown
Project Price Calculator
Estimate project price based on your hourly rate
• 40 hours × $70/hour
• Consider adding 10-20% buffer for scope changes
Tips for setting your rate
- • Compare your rate with the market in your industry
- • Consider your experience and expertise level
- • Don't start too low - raising rates is harder than lowering them
- • Account for vacation + sick leave (4 weeks)
- • Review and adjust rates annually for inflation
- • Different rates for different client types is common
Understanding Your Rate
Why this rate?
Desired income: Your target take-home pay for the year
Business expenses: Tools, software, insurance, office costs
Safety buffer (20%): Protection against slow periods and unexpected costs
Taxes (35%): Income tax, VAT, and other applicable taxes
Billable hours: Not all work hours are billable (admin, sales, etc.)
Quick reference
💰 Hourly: $70/hour
📅 Daily: $554/day (8 hours)
📆 Weekly: $2,770/week (40 hours)
📊 Monthly: $9,231/month
🎯 Annual revenue: $110,770
🏖️ Working weeks: 48 weeks/year
Need more help with your freelance business?
Discover our other tools and read our comprehensive guides on pricing and freelancing.
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