Freelance Hourly Rate Calculator

Determine the minimum rate you need to charge

What is this? This calculator reveals the true hourly rate you need to charge as a freelancer or consultant — accounting for business expenses, health insurance, retirement savings, taxes, and the fact that only a fraction of your hours are billable. It shows your true hourly value vs the headline rate you might quote.

Who it's for: Freelancers, consultants, contractors, and self-employed professionals who need to set rates that actually cover their costs and hit their income targets.
Income Target
Business Costs
Your Required Hourly Rate
Base Rate (before tax)
Recommended Rate
with 20% buffer
Min Per Project (8hr)
Monthly Revenue Target
Total Overhead/Year
Total Needed/Year

Recommended Tools

Tools we trust for freelance rate setting:

NerdWallet → Credit Karma →

We may earn a commission from partner links at no extra cost to you.

Estimates only. Adjust based on market rates and your experience level.