Free tool
Freelancer hourly rate calculator
Work backward from your income target, expenses, and billable time to a rate you can actually use.
Recommended hourly rate
$123.42
Monthly revenue target
$10,350.00
Sample project estimate
$1,481.00
Billable time assumption
1,012 billable hours per year at 22.0 billable hours per week.
Formula summary
$90,000 income + $18,000 expenses, then +15.0% buffer.
Frequently Asked Questions
Why does this include expenses and a buffer?
A freelancer rate has to cover both take-home income and business costs. The buffer adds space for non-billable time, slow months, and profit.
Should I use weekly or yearly billable hours?
This calculator uses billable hours per week and weeks worked per year because that is easier to adjust for holidays, admin time, and irregular workloads.
Can I use this for project pricing?
Yes. Enter a sample project hour count and the tool will estimate a project total from the recommended hourly rate.
Guides
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