Freelance Rate Calculator

Freelance Rate Calculator

Estimate an hourly freelance rate from income target and billable hours.

UNDERSTAND THE ANSWER

How is this calculated?

This calculator applies the displayed salary formula directly to your inputs. It keeps full precision during the calculation and rounds only the displayed result.

Freelance Rate formulaHourly rate = annual revenue target ÷ billable hours

A practical example

Using the default example values, the calculator substitutes 100,000 and 1,200 into the formula. Change the values to model your own scenario.

Calculated result

Annual revenue targetBillable hours per yearCalculated answer
$80,000.001,200$66.67
$100,000.001,200$83.33
$120,000.001,200$100.00

Assumptions, interpretation and common mistakes

Calculation assumptions

  • The values entered for annual revenue target and billable hours per year are accurate for the scenario.
  • Rates and recurring amounts remain constant for the period represented by the formula.
  • Provider fees, taxes and timing differences are excluded unless they are explicit inputs.

How to interpret the result

  • Treat the main number as a planning estimate, not a quote, approval or guarantee.
  • Compare at least a baseline, lower and higher assumption before deciding.
  • Use the result together with the related salary calculators for a broader view.

Common mistakes to avoid

  • Entering a percentage as a decimal when the field expects a whole percent.
  • Comparing results that use different time periods or omit different fees.
  • Rounding inputs early or treating an estimated rate as guaranteed.