Freelance Rate Calculator
Estimate a required freelance hourly rate from target income, annual business costs, and billable time.
How to use
- Enter target annual income, annual costs, and realistic billable hours/weeks.
Capabilities and scope
The special runner goes beyond salary conversion by letting billable capacity and costs drive the rate.
How it works
requiredRate=(targetIncome+annualCosts)/annualBillableHours.
Example
50m target income plus 10m costs over 1,000 billable hours requires 60,000/hour.
Useful for
- Set a starting freelance billing rate
Before you use it
- Taxes, desired profit, vacation, and collection risk must be incorporated into your own targets or costs.
Frequently asked questions
Should I assume all 40 work hours are billable?
Only if they truly are; otherwise enter realistic client-billable capacity.