Freelance Hourly Rate Calculator
Freelance hourly rate calculator: the rate to charge to reach your target income after business costs, taxes and non-billable time.
R = I + Xh · w
How to use this calculator
- Choose the quantity you want under “Solve for”.
- Type the known values and pick their units: any combination works.
- The result updates as you type. Open “Show the steps” to see the substitution.
Rate = (target income + costs) ÷ (billable hours per week × working weeks). Freelancers rarely bill more than 60–70 % of their working hours.
Formula
R = I + Xh · w
| Symbol | Quantity | Units |
|---|---|---|
| I | Target yearly income | $, €, £ |
| X | Yearly business costs, taxes, insurance | $, €, £ |
| h | Billable hours per week | — |
| w | Working weeks per year | — |
| R | Hourly rate | $, €, £ |
Worked example
Given: I = 60,000.00 $ · X = 15,000.00 $ · h = 25 · w = 46
R = I + Xh w
Result: R = 65.22 $
Hourly rate for different values of Target yearly income
| I · Target yearly income | R · Hourly rate |
|---|---|
| 30,000.00 $ | 39.13 $ |
| 45,000.00 $ | 52.17 $ |
| 54,000.00 $ | 60.00 $ |
| 60,000.00 $ | 65.22 $ |
| 66,000.00 $ | 70.43 $ |
| 75,000.00 $ | 78.26 $ |
| 90,000.00 $ | 91.30 $ |
| 120,000.00 $ | 117.39 $ |
Other values as in the worked example.
Frequently asked questions
$60,000 income, $15,000 costs, 25 billable hours, 46 weeks?
About $65.22 an hour.
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