Freelance Rate Calculator
Calculate the right hourly rate for your freelance business based on income goals and expenses
Your target take-home income
Hours you can actually bill to clients
Accounting for vacation and sick time (48 = 4 weeks off)
Software, equipment, insurance, etc.
Estimated income tax rate
How to Use the Freelance Rate Calculator
This calculator helps you determine the minimum hourly rate you need to charge to meet your income goals while covering expenses and taxes. Remember that billable hours are different from working hours - you'll spend time on admin, marketing, and other non-billable tasks.
Tips for Setting Your Rate
- Billable vs Total Hours: If you work 40 hours/week, only 25-30 may be billable
- Vacation Time: 48 weeks/year accounts for 4 weeks vacation
- Business Expenses: Include software, equipment, insurance, office space
- Buffer: Consider adding 10-20% buffer for unexpected costs
- Market Rate: Research industry standards for your skillset
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