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Freelance Rate Calculator

Calculate the hourly rate you need to charge to hit your target annual income after taxes and expenses.

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Your Minimum Hourly Rate

$128.21

1248 billable hours/year • $160,000 total needed

Hourly

$128.21

Daily (8h)

$1,026

Weekly

$3,333

Monthly

$13,333

Revenue Breakdown

Target Take-Home$100,000
Taxes (30%)$30,000
Business Expenses$15,000
Profit Margin (15%)$15,000
Total Revenue Needed$160,000

How to use Freelance Rate Calculator

  1. 1

    Set your target income

    Enter how much you want to take home per year after all expenses.

  2. 2

    Adjust your work schedule

    Set working weeks, hours per week, and what percentage of your time is actually billable.

  3. 3

    Get your rates

    See your required hourly, daily, weekly, and monthly rates to meet your financial goals.

About Freelance Rate Calculator

Our Freelance Rate Calculator helps independent contractors and freelancers determine their ideal hourly, daily, and monthly rates. Factor in target income, taxes, expenses, billable hours, and profit margin.

Frequently Asked Questions

Not all your work hours generate revenue. Admin, marketing, and learning are non-billable. Most freelancers bill 60-70% of their total hours.

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