Price your freelance work with confidence. Enter your target salary, billable hours and business expenses to calculate the hourly and day rate you need to charge.
How to Use
- Enter the annual salary you want to take home.
- Add your billable hours per week and the weeks you work each year.
- Include yearly business expenses and the profit margin you want.
- Click Calculate Rates to see your hourly and day rates.
Key Features
- Hourly and day rates — the minimum you must charge to hit your target.
- Expenses included — software, equipment and other costs are covered.
- Profit margin — see rates with your desired margin on top.
- Realistic hours — based on billable hours, not a 40-hour week.
- 100% private — runs entirely in your browser; nothing is sent or stored.
FAQs
What are billable hours?
Billable hours are the hours you can actually charge clients for. Exclude admin, marketing and learning time — most freelancers bill 20–30 hours a week.
Should I charge the rate with margin?
The base rate covers your costs; the margin rate builds in profit for savings, quiet months and growth. Aim to charge the margin rate where you can.
Does this include tax?
No. Set aside a share of your income for income tax and National Insurance separately — many freelancers reserve 25–30%.
Hourly or day rate — which is better?
Day rates suit longer projects and give steadier income; hourly rates suit small tasks. This calculator shows both so you can quote either way.
Related Tools
Try these related tools: Salary Calculator, Invoice Generator and Overtime Pay Calculator.