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Calcimator

Freelance Rate Calculator

Calculate your ideal freelance hourly rate based on desired salary, expenses, taxes, and billable hours. Ensure you're pricing your services correctly.

Inputs

$
hrs
weeks
%

Results

Minimum Hourly Rate

$90.68

Daily Rate (8 hrs)$725.42
Weekly Rate$2,720.32
Monthly Revenue Needed$10,881.29
Annual Revenue Needed$130,576
Annual Billable Hours1,440

Minimum Hourly Rate

$90.68

How to Use This Calculator
  1. Start by filling in the input fields below. Results update instantly as you type, so you can experiment with different values to see how they affect the outcome.
  2. Desired Annual Salary — The take-home pay you want to earn. Accepts values from $20,000 to $500,000 (default: $85,000).
  3. Billable Hours/Week — Realistic billable hours (not total hours worked). Accepts values from 5 hrs to 60 hrs (default: 30 hrs).
  4. Weeks Off/Year — Vacation, sick time, and holidays. Accepts values from 0 weeks to 20 weeks (default: 4 weeks).
  5. Self-Employment Tax — US self-employment tax is 15.3% (Social Security + Medicare). Accepts values from 0 % to 30 % (default: 15.3 %).
  6. Expand "Advanced Options" for additional fine-tuning. These optional inputs let you model more specific scenarios:
  7. Annual Health Insurance — Annual cost for self-purchased health insurance plan. Accepts values from $0 to $30,000 (default: $7,200).
  8. Retirement Savings — Percentage of income to save for retirement (e.g., SEP IRA, Solo 401k). Accepts values from 0 % to 25 % (default: 10 %).
  9. Annual Business Expenses — Software, equipment, office, etc. Accepts values from $0 to $50,000 (default: $5,000).
  10. Profit Margin — Extra margin above costs for business growth and savings. Accepts values from 0 % to 50 % (default: 10 %).
  11. Once all inputs are set, review your results in the Results panel. Here's what each output means:
  12. Minimum Hourly Rate — shown as a dollar amount. This is the primary result of this calculator.
  13. Daily Rate (8 hrs) — shown as a dollar amount.
  14. Weekly Rate — shown as a dollar amount.
  15. Monthly Revenue Needed — shown as a dollar amount.
  16. Annual Revenue Needed — shown as a dollar amount.
  17. Annual Billable Hours — shown as a numeric value.
  18. View the Revenue Breakdown below for a visual breakdown of how the numbers relate to each other.
  19. Explore the related calculators below if you need deeper analysis or want to approach this topic from a different angle.
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Formula

Hourly Rate = (Desired Salary + Taxes + Insurance + Retirement + Expenses + Profit Margin) ÷ Annual Billable Hours

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