The Freelance Rate Calculator helps you work out the hourly rate you need to charge to hit your income goal. Simply fill in the fields above and click Calculate to get an instant result.
This calculator is part of Calculate Wiki’s Finance Calculators collection.
What You’ll Need
- Desired Annual Income ($)
- Annual Business Expenses ($)
- Billable Hours per Week (hrs)
- Working Weeks per Year
Formula Used
Hourly Rate = (Desired Annual Income + Annual Expenses) ÷ (Billable Hours per Week × Working Weeks per Year)
Example Calculation
Using example inputs — Desired Annual Income = 80000 $; Annual Business Expenses = 8000 $; Billable Hours per Week = 25 hrs; Working Weeks per Year = 48 — the Freelance Rate Calculator returns:
| Value | Result |
|---|---|
| Total needed (income + expenses) | $88,000.00 |
| Billable hours per year | 1,200 |
| Required hourly rate | $73.33 |
$73.33 per hour. Based on 1,200 billable hours per year.
Helpful Information
Results from the Freelance Rate Calculator are estimates based on standard formulas used in the finance calculators field. For projects with significant cost, health, or safety implications, consider verifying results with a qualified professional.