Determine the right freelance rate based on your target income, business expenses, taxes, and billable hours. See hourly, daily, weekly, and project rates, plus how utilization rate impacts your earnings. Tailored with tips and guidance for Calculators optimized for self-employed individuals, freelancers, and gig workers..
AI analysis detected patterns in your calculation. Personalized insights and recommendations available with Pro...
Download PDF Report
Get detailed breakdowns, charts, and shareable PDF reports with Pro
Pro members get the most out of Freelance Rate Calculator
Download detailed reports with charts and breakdowns
Get personalized insights and recommendations
No daily limits on any tool or calculator
Simple invoicing and time tracking for freelancers.
Automate invoicing, expenses, and tax prep.
Sponsored · We may earn a commission at no cost to you
No spam. Unsubscribe anytime.
This freelance rate calculator is specifically designed for Calculators optimized for self-employed individuals, freelancers, and gig workers.. Whether you're just getting started or looking to optimize your financial strategy, this calculator provides the insights you need to make informed decisions.
Self-Employed & Freelancers face unique financial considerations that generic calculators don't address. Use the tips above alongside this freelance rate calculator to get a complete picture of your financial situation. The calculator is completely free, runs instantly in your browser, and never stores your personal data.
Weekly tips, new calculator alerts, and exclusive lifetime deal offers.
| Expense | Annual | Monthly | Hourly Impact | % of Gross |
|---|---|---|---|---|
| Health Insurance | $6,000.00 | $500.00 | +$9.77 | 3.7% |
| Office / Coworking | $3,600.00 | $300.00 | +$5.86 | 2.2% |
| Software & Subscriptions | $2,400.00 | $200.00 | +$3.91 | 1.5% |
| Equipment & Hardware | $1,500.00 | $125.00 | +$2.44 | 0.9% |
| Accounting & Legal | $1,500.00 | $125.00 | +$2.44 | 0.9% |
| Professional Insurance | $1,200.00 | $100.00 | +$1.95 | 0.7% |
| Marketing & Advertising | $1,200.00 | $100.00 | +$1.95 | 0.7% |
| Continuing Education | $600.00 | $50.00 | +$0.98 | 0.4% |
| Total Expenses | $18,000.00 | $1,500.00 | +$29.30 | 11.0% |
| Utilization | Hourly Rate | Daily Rate | Weekly Rate |
|---|---|---|---|
| 50% | $223.34 | $1,786.71 | $3,350.08 |
| 60% | $186.12 | $1,488.93 | $3,350.08 |
| 70%current | $159.53 | $1,276.22 | $3,350.08 |
| 80% | $139.59 | $1,116.69 | $3,350.08 |
| 90% | $124.08 | $992.62 | $3,350.08 |
| Duration | Hours | Full Rate | Discount | Suggested Rate | Eff. Hourly |
|---|---|---|---|---|---|
| Half-day (4 hrs) | 4 | -- | $638.11 | $159.53 | |
| Full day (8 hrs) | 8 | -- | $1,276.22 | $159.53 | |
| 1 week | 40 | -- | $6,381.11 | $159.53 | |
| 2 weeks | 80 | -- | $12,762.22 | $159.53 | |
| 1 month | 160 | $25,524.45 | -5% | $24,248.23 | $151.55 |
| 3 months | 480 | $76,573.34 | -10% | $68,916.01 | $143.58 |
| 6 months | 960 | $153,146.69 | -15% | $130,174.68 | $135.60 |