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Freelance Rate Calculator

What is this tool?

A pricing calculator for freelancers and independent contractors. It converts your income goals and costs into a suggested hourly rate, accounting for the fact that not all working hours are billable (time spent on admin, marketing, and unpaid work reduces your effective billable hours).

When to use it

  • Setting an hourly rate for the first time as a new freelancer
  • Rechecking your rate after expenses or income goals change
  • Quoting a fixed-price project by estimating hours and multiplying by your rate
  • Comparing how reducing billable hours (e.g. more admin time) affects the rate you need to charge
  • Deciding between an hourly rate and a flat project fee for a client

How to use it

  1. 1Enter your target annual income and estimated annual business expenses.
  2. 2Enter the number of weeks you plan to work per year and expected billable hours per week.
  3. 3The tool calculates a suggested hourly rate based on these inputs.
  4. 4Multiply the suggested rate by estimated project hours to build a project quote.

Frequently asked questions

Does this tool tell me what rate clients are willing to pay?

No. It calculates a rate based on your own income goals, expenses, and billable hours — not market demand or industry benchmarks.

How do I use this for a fixed-price project quote?

Estimate how many hours the project will take and multiply that by the hourly rate the calculator suggests.

Does the calculator include taxes?

Not automatically. Include estimated taxes as part of your annual expenses if you want them reflected in the suggested rate.

Is my financial information saved?

No. All calculations happen locally in your browser and nothing is stored or transmitted.