Freelance Rate Calculator
Compute the hourly rate you need to charge as a freelancer to hit your desired income. Accounts for self-employment taxes, health insurance, business expenses, and profit margin.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Inputs
Results
Required Hourly Rate
$84.92
How to Use This Calculator
- Enter your desired annual take-home income after taxes and expenses.
- Set the number of billable hours per week you realistically expect to charge clients (typically 60–70% of your working hours).
- Input your monthly health insurance premium, monthly business expenses, and annual retirement contribution.
- Adjust the self-employment tax rate (default 15.3% covers Social Security + Medicare) and add a profit margin buffer.
- Review the Required Hourly Rate and Daily Rate outputs to set competitive, profitable pricing.
- Use the Revenue Breakdown pie chart to see how each cost category eats into your gross revenue.
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