Foster Wealth Ventures
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Free Freelancer Rate Calculator

Price with confidence by factoring taxes, overhead, and realistic billable hours.

No sign-up required. 100% free to use.

Try the Freelancer Rate Calculator

Enter your target annual income, tax rate, overhead, and expected billable hours to get a sustainable hourly rate.

Freelancer Rate Calculator

Inputs

Results

Weeks Worked

48

Billable Hours

1440

Target Gross

$132,000.00

Required Hourly Rate

$91.67

How this works

  • Hourly = (Income × (1 + overhead)) ÷ billable hours.
  • Consider buffer for admin, marketing, revisions.
  • Account for vacations, holidays, and non-billable time.

Learn more: Set Your Freelancer Rate Right—Use Our Calculator to Avoid Undervaluing Your Time

How to use it

  • Target income: What you want to take home yearly.
  • Tax rate: Include federal, state, and self-employment estimates.
  • Overhead: Software, gear, health insurance, and other monthly costs.
  • Billable hours: Realistic hours you can invoice after admin time.

Adjust overhead or billable hours to see how your rate should move for a profitable business.

Popular uses

  • New freelancers setting first rates with taxes baked in.
  • Agencies checking if subcontractor rates are sustainable.
  • Creators pricing packaged services or retainers.

Freelancer Rate FAQ

How many hours should I mark billable?

Most solo operators invoice 50–70% of their working hours. Start conservative, then revisit after a month or two.

Does this include profit?

Yes. The calculator bakes profit into your target income so you are not just covering costs.

Do I need an account?

No. It is free and runs instantly in your browser.

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