Freelance Rate Calculator

Calculate your ideal hourly rate to hit your income goals.

Desired Annual Income

Annual Business Expenses

Software, equipment, office, etc.

Self-Employment Tax Rate (%)

US self-employment tax is ~15.3%

Billable Hours per Week

Typically 50-70% of total work hours

Weeks Worked per Year

Desired Profit Margin (%)

Your Rates

Minimum Hourly Rate

$67.53/hr

Recommended Rate (with 15% margin)

$77.66/hr

Daily Rate (8hr day)

$621/day

Weekly Revenue$2,330

Monthly Revenue$9,319

Annual Revenue$111,826

Take-Home Pay$80,000

Business Expenses$5,000

Self-Employment Tax$12,240

Must Earn (minimum)$97,240

Total Billable Hours1440 hrs/yr