Free browser tool

Freelance Rate Calculator

Turn an annual income goal into an hourly, daily, weekly, and monthly rate that reflects real working time.

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Pricing depends on market demand, skill level, and positioning. Treat this as a floor, not a final answer.

Calculator

Results update as you type

Free
Minimum hourly rate
$74.44
Daily rate
$595.54
Weekly rate
$2,977.68
Monthly rate
$8,337.50
Annual billable hours
1344
Break-even hourly rate
$8.93

Example

A freelancer targeting $75,000.00 annually with 4 vacation weeks and 30% non-billable time needs a rate around $74.44 per hour.

Formula

The math behind the result

Minimum rate = ((desired income + expenses) × profit buffer) / billable hours.

How it works

A clean flow from input to answer

  1. 1Set your income goal and annual expenses.
  2. 2Account for vacation and non-billable time.
  3. 3Review the minimum rate and compare it with the market.

FAQ

Common questions

Why include non-billable time?

Because admin, proposals, and follow-up reduce the hours you can actually invoice.

Should I use the minimum rate as my real rate?

Usually no. It is the floor needed to hit your target, not necessarily the market price.

Does this handle taxes?

It estimates business economics, but you should add tax planning separately if needed.

Can this be used for consulting?

Yes. Consulting is one of the strongest use cases for this tool.

What if the rate seems too high?

That usually means the income goal, buffer, or non-billable assumptions need review.