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Freelance Rate Calculator

Calculate your ideal freelance hourly or project rate based on desired income, expenses, taxes, and billable hours.

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About the Freelance Rate Calculator

Calculate your ideal freelance hourly or project rate based on desired income, expenses, taxes, and billable hours.

Freelance Rate Calculator works backwards from your desired annual income to tell you what to charge per hour, per day, or per project. It factors in business expenses, taxes, time off, and the critical detail most freelancers miss: you can not bill 40 hours a week — admin, marketing, and learning eat 30-40% of your time.

Type
Calculator
Runs in
Your browser — no account, no install
Price
Free
Results
Instant, with plain-English interpretation
CALCULATOR

Freelance Rate Calculator

Inputs
Enter the required values for this configured formula calculator.
Output
Formula result
Waiting
Enter values to calculate.

Frequently asked questions

Why is my freelance rate so much higher than an employee salary?+

Employees get benefits worth 25-40% of salary: health insurance, retirement matching, paid leave, equipment, office space, and employer tax contributions. As a freelancer, you pay ALL of this yourself. A $50/hr employee costs the company $65-70/hr — your rate should reflect this.

How many hours can I actually bill per week?+

Realistically 25-30 hours. The rest goes to: finding clients (5-8 hrs), admin and invoicing (3-5 hrs), learning and skill development (2-3 hrs), and communication/meetings (2-4 hrs). Billing 40 hours means working 55-60.

Should I charge hourly or project-based?+

Project-based is usually better for experienced freelancers — it rewards efficiency and decouples income from time. Hourly works better when scope is unclear or the project involves discovery. Many freelancers calculate hourly internally but quote project prices to clients.

How do I raise my rates with existing clients?+

Give 30-60 days notice. Frame it as a market adjustment, not a personal decision. Provide the new rate with a brief explanation (increased costs, expanded skills). Offer to lock in the current rate for a longer contract if they commit. Most clients expect annual increases of 5-10%.

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