💼

Freelance Rate Calculator

Find your minimum viable hourly & daily rate

💰 Income Target

$
%

🗓️ Working Hours

wks
hrs

🧾 Annual Business Expenses

$
$
$
$
%
Hourly Rate
$0
minimum viable
Daily Rate
$0
8 hour day
0
Billable hrs/year
$0
Gross revenue needed
$0
Est. tax amount
$0
Total expenses
SUGGESTED RATE TIERS

How to Set Your Freelance Rate

Most freelancers undercharge because they don't account for non-billable time, taxes, expenses, and dry periods. This calculator ensures you price yourself for actual profitability.

The Formula

Hourly Rate = (Target Income + Expenses + Taxes) / Billable Hours × (1 + Profit Margin)

Common Mistakes Freelancers Make

  • Only counting hours spent on client work (forgetting admin, marketing, etc.)
  • Not accounting for self-employment taxes (~15% SE tax + income tax)
  • Forgetting dry periods and vacation time (use 48 weeks, not 52)
  • No buffer for unexpected expenses or late-paying clients