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Hourly Rate Calculator
Everyday Utilities
Find the freelance hourly rate you need from income goals, expenses, taxes and time off.
Minimum hourly rate
$74.78
Based on 1,150 billable hours a year.
Day rate (8h)
$598.26
Weekly revenue
$1,869.57
Monthly revenue
$7,166.67
Annual revenue needed
$86,000.00
Formula: (take-home ÷ (1 − tax rate) + expenses) ÷ ((52 − weeks off) × weekly billable hours).
What is the Freelance Hourly Rate Calculator?
The Freelance Hourly Rate Calculator works backwards from the income you want to take home. It adds taxes and business expenses, then divides by your real billable hours to show the minimum rate you should charge.
How to use this tool
- Enter your desired annual take-home income and business expenses.
- Enter your tax rate, billable hours per week and weeks off.
- Read your hourly rate, day rate and revenue targets.
Frequently Asked Questions
Gross revenue = take-home ÷ (1 − tax rate) + expenses, divided by billable hours per week × (52 − weeks off).
Only hours you charge clients for, not admin, sales or learning time.
Results display in US dollars, but the math works for any currency.