Hourly Rate Calculator
Work out the hourly rate you need to charge to hit your income goal.
Work out the hourly rate you need to charge to hit your income goal.
Work out the hourly rate a freelancer or small business must charge to reach an income goal after tax and expenses.
Rate = (Take-home goal ÷ (1 − tax rate) + expenses) ÷ billable hours per year.
To take home 60,000 with 20% tax, 9,000 of expenses and 25 billable hours a week for 46 weeks, you need about 73 an hour.
Admin, marketing and unpaid gaps take time you cannot invoice, so billable hours are far fewer than working hours.
Many freelancers add 10–20% for slow months. Increase expenses or the income goal to include it.