Freelancer Hourly Rate Calculator

Let’s create a Freelancer Hourly Rate Calculator for your website. This calculator will help freelancers determine the appropriate hourly rate to charge clients based on their expenses, desired income, billable hours, and miscellaneous expenses such as taxes, retirement, and insurance.

In this Freelancer Hourly Rate Calculator, each input field helps freelancers calculate their ideal hourly rate by factoring in monthly expenses, desired income, billable hours, and other miscellaneous costs like taxes and insurance. Below is an explanation of each input field and suggested default values for calculation guidance:

$ 7,000,000.00

This field and progress bar represent the freelancer’s monthly business expenses, which may include office supplies, software, internet, or other operational costs.

$ 50,000.00

This field allows freelancers to input their desired take-home income after covering all business expenses. This number represents their target earnings.

$ 200.00

This field captures the total number of hours the freelancer expects to bill clients each month. Not all working hours are billable, so this field helps calculate a sustainable rate.

$ 10,000.00

This field represents additional expenses like taxes, insurance, and retirement savings. These costs are essential to running a freelancing business and should be included in the rate calculation.

This calculator helps freelancers set a fair hourly rate, ensuring they account for their living expenses, business costs, and financial obligations. It provides freelancers with a clear idea of what to charge to achieve their income goals while covering necessary expenses.

Calculate Freelancer Hourly Rate
$ 7,000,000.00
$ 50,000.00
$ 200.00
$ 10,000.00
Total Monthly Expenses
This is the sum of the freelancer’s monthly expenses and miscellaneous costs.
Recommended Hourly Rate
This is the hourly rate that the freelancer should charge to cover their expenses and reach their desired monthly income. It is calculated based on the total expenses and the number of billable hours.