How this tool works
Target hourly rate = (income goal + expenses) / annual billable hours.
Work and Income
Freelance Hourly Rate Calculator
Turn annual income goals, business costs and billable time into a target hourly rate.
How the rate is built
The calculator spreads income goals and business costs across billable hours. It helps reveal the rate needed before unpaid admin time.
Example
If billable hours fall, the hourly rate must rise to reach the same annual income because fewer hours carry the whole business.
Common mistake
Do not price from working hours alone. Freelancers also need to cover admin, sales, tax planning, holidays and expenses.