Financial

Free Freelance Hourly Rate Calculator

Work out the hourly rate you need to hit your income goal.

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Inputs

$
$

Result

Required hourly rate

$76.52

Day rate (8h)$612.17
Billable hours per year1,150
Revenue needed$88,000.00

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Estimates only. Verify with a professional for consequential decisions.

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Short answer

Work out the hourly rate you need to hit your income goal.

What is the Freelance Hourly Rate Calculator?

Work out the hourly rate you need to hit your income goal.

How does the Freelance Hourly Rate Calculator work?

Enter the inputs above and read the result.

Formula

Rate = (Income + Expenses) ÷ (Weeks × Hours)

Variables

  • IncomeTake-home target
  • ExpensesBusiness costs

Explanation

Total revenue needed is spread across the hours you can actually bill.

Examples

Applications

    Advantages

      Limitations

        Common mistakes

          Tips

            Related concepts

            The Freelance Hourly Rate Calculator sits inside the Finance Calculators hub, in the business & accounting cluster. Unit economics, margins and company metrics. Understanding the terms below makes the output easier to interpret and easier to compare against neighbouring measures.

            contribution marginfixed costvariable costrunwayLTV:CACoperating leverage

            Practical use cases and industry applications

            Understanding Freelance Hourly Rate

            Work out the hourly rate you need to hit your income goal. Within finance calculators, freelance hourly rate belongs to the business & accounting cluster, where it shares terminology and assumptions with closely related tools.

            Learning how freelance hourly rate is calculated

            Total revenue needed is spread across the hours you can actually bill. Working through the variables one at a time — Income, Expenses — makes the result reproducible by hand and easier to sanity-check.

            Using freelance hourly rate to make a decision

            Because outputs depend on the assumptions you enter, run more than one scenario before committing to a figure.

            How freelance hourly rate compares with related measures

            contribution margin, fixed cost, variable cost, runway all describe adjacent aspects of business & accounting. Comparing this calculator's output against those measures — using the related tools listed on this page — prevents a single metric from being read in isolation.

            Frequently asked questions

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