Hourly Rate Calculator

1. What's your targeted annual income?

Estimate and sum up all of your annual costs (personal and business).

2. How many hours do you intend to bill per week?

Be realistic — The number of billable hours is different from the actual hours you'll work. You could work 40+ hours a week, but may only bill for around 10–20 of them.

Your rate is: $0 an hour

OR $0 an hour (with 20% applied for taxes)

With your hourly rate...

Factor in your current skill level, experience, and service demand for your target market. This may fluctuate your hourly rate by ± $10–30.

If you’re used to working a full-time job, your hourly rate as a freelancer might seem high, but you have to consider health insurance, additional tax burdens, and that a significant portion of your time will be spent on un-billable work (like finding and negotiating with clients). Once you consider these factors, your adjusted hourly rate will be much lower.

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