Free Hourly Rate Calculator

Free · Updates live

Your rate
Recommended hourly rate
$ 79.63 / hr
Recommended day rate (8h)
$ 637.04 / day
How this is calculated
Working weeks / year48.00 weeks
Billable hours / year1,440.00 hrs
Annual business expenses$ 6,000.00
Income + expenses$ 86,000.00
Tax set-aside$ 28,666.67
Gross revenue needed$ 114,666.67

Hourly rate = (annual income + annual expenses) ÷ (1 − tax %) ÷ billable hours per year. Day rate = hourly rate × 8.

FAQ

Frequently asked questions

Is the hourly rate calculator really free?

Yes. It's completely free to use, with no limits and no signup required.

Is my financial data sent anywhere?

No. The calculation runs entirely in your browser. Your income, expenses and rate never leave your device.

How is the recommended rate calculated?

It takes your desired annual income plus annual business expenses, grosses that up for your tax set-aside percentage, then divides by your billable hours per year (billable hours/week × weeks worked). The day rate is the hourly rate × 8.

Does it account for weeks off and non-billable time?

Yes. You enter weeks off per year and billable hours per week, so time spent on admin, sales, holidays and sick days is factored out of the rate automatically.