How do I calculate my freelance hourly rate?

To calculate your minimum freelance hourly rate, add your target annual salary to your annual business expenses, then divide by the number of billable hours you plan to work in a year. For example, ($80,000 salary + $5,000 expenses) / (48 weeks x 30 hours) = approximately $59/hr minimum.

Should I charge more than my minimum freelance rate?

Yes. Your minimum rate covers your costs, but you should add a buffer of at least 20-50% to account for slow months, unpaid admin time, skill premiums, and market positioning. The calculator shows a recommended rate (+25%) and a stretch goal (+50%).

Freelance Hourly Rate Calculator | Set Your Target Rate

Freelance Hourly Rate Calculator

A baseline hourly rate from your stated inputs

Desired Annual Salary

Annual Business Expenses

Billable Weeks per Year

52 minus holidays, vacation & sick days

Billable Hours per Week

Not all working hours are client-billable

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This is your break-even floor. Charge at least 25–50% more to cover self-employment taxes, unpaid admin time, and business growth.

Minimum Hourly Rate

0.00

/hr

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