Is this tool helpful?
Freelance Rate Calculator
Calculate your ideal freelance hourly and project rates
Income & Expenses
What you want to earn annually
Software, insurance, equipment, etc.
Extra buffer for savings and growth
Working Schedule
Vacation, sick days, and holidays
Typical working hours per day
% of time that's actually billable
About Freelance Rate Calculator
What is Freelance Rate Calculator?
Calculate the hourly, daily, and project rates you need to charge as a freelancer. Input your target income, business expenses, time off, and utilization rate to get recommended rates with a breakdown.
Features & Benefits
- Calculate minimum and recommended hourly rates
- Factor in expenses, time off, and utilization
- See day rate, weekly, and monthly equivalents
- Project rate examples for different scopes
- Employee salary equivalent comparison
- Detailed calculation breakdown
Frequently Asked Questions
- What is billable utilization?
- The percentage of your working time spent on billable client work. Admin, marketing, and learning are non-billable. 70% is a common target.
- How is the minimum rate calculated?
- Total annual costs (income + expenses) divided by annual billable hours (working days × hours × utilization rate).
- Why is the rate higher than an employee salary?
- Freelancers pay their own taxes, benefits, insurance, tools, and have non-billable time. A rule of thumb: freelance rate ≈ 1.5-2x equivalent employee hourly.
Related Tools
100% Private & Secure
This tool runs entirely in your browser. Your files and data never leave your device and are not uploaded to any server.