Free calculator

Freelance Hourly Rate Calculator

Calculate a freelance hourly rate from take-home income, taxes, expenses, available weeks, and realistic utilization.

Rate modelUSD, annualized
Required hourly rate$181
Day rate$1,449
Project quote$8,750
Monthly retainer$3,000
Billable hours/year927

Floor rate: $118 before tax and profit. Revenue target: $168,000.

Best fit

Best for solo freelancers who need one defensible base rate before quoting projects or retainers.

Use the result as your floor, then adjust for urgency, client segment, strategic value, and scope uncertainty.

Formula notes

  • Start with required take-home income plus business expenses.
  • Gross up for tax before adding a profit buffer.
  • Divide by realistic billable hours, not every hour you work.

Common questions

Freelance Hourly Rate Calculator FAQ

What is a good freelance hourly rate?

A good rate covers taxes, tools, sales time, admin time, vacation, and profit. For many skilled US freelancers, that means charging 2x to 3x the hourly equivalent of a full-time salary.

Should I show clients my hourly rate?

Use the hourly rate internally even when you sell fixed projects. It keeps scope decisions grounded and makes discounts easier to evaluate.