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Freelance Rate Calculator
Fill in your numbers below and instantly see the hourly rate you need to charge to cover expenses, pay taxes, and hit your income goals.
Your Numbers
All fields update results in real time.
Your Rates
Updated instantly as you type.
Minimum Hourly Rate
Break-even. Covers expenses + taxes only.
Recommended Hourly Rate
Includes expenses, taxes & your profit goal.
Day Rate
Recommended rate × billable hrs/day.
Monthly Income Target
Gross revenue needed each month.
Annual Income Target
Gross revenue needed per year.
How the Calculation Works
- 1Net monthly needAdd living expenses and desired profit to find your required take-home pay.
- 2Gross up for taxesDivide by (1 − tax rate) so enough remains after taxes are paid.
- 3Adjust for vacationVacation days reduce billable months, spreading the cost across working days.
- 4Divide by hoursDivide the adjusted monthly gross by total billable hours/month for your rate.