Freelance Rate Calculator
Set the right hourly or project rate for your freelance work based on expenses, taxes, desired income, and billable hours.
Enter Your Details
Your Freelance Rates
Minimum Hourly Rate
$94.44/hr
How It Works
The freelance rate calculator determines the minimum rate you need to charge to achieve your desired income after accounting for business expenses and self-employment taxes.
First, it calculates total annual expenses (business costs × 12). Then it factors in taxes by applying your tax rate to the desired income. The total needed is divided by annual billable hours (weekly hours × working weeks) to get your minimum hourly rate.
The effective hourly rate shows what you actually earn per hour of work, while the minimum hourly rate includes the cost of doing business. Always charge at least the minimum rate to stay profitable.