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Free tools / Rate calculator

Freelance rate calculator

Stop guessing what to charge. Enter your income goal, expenses, tax, and billable hours to see the hourly and day rate you actually need. Free, instant, no sign-up.

Estimates only. “Billable hours” excludes admin, sales, and downtime — most freelancers bill far fewer hours than they work, which is why the rate is higher than a salary ÷ 2,080.

You should charge about

$113 / hour

≈ $563 / day

Take-home goal$80,000
Gross needed (after tax)$106,667
+ Business expenses$6,000
+ Profit buffer (15%)$16,900
Revenue target / year$129,567
Billable hours / year1,150

Now go charge it

Send a professional invoice at your new rate and get paid online by card — free with BuyerSuite, plus a branded client portal and recurring invoices.

Invoice at your rate — free

Rate calculator FAQ

How is my freelance hourly rate calculated?

We start from your desired take-home pay, gross it up for taxes, add your business expenses and a profit buffer to get an annual revenue target, then divide by your realistic billable hours per year.

Why is the rate higher than my old salary divided by 2,080 hours?

Because freelancers don't bill every working hour — admin, sales, and downtime aren't billable — and you cover your own taxes, expenses, and time off. This calculator accounts for all of that.

How do I actually collect that rate?

Put it on a professional invoice and get paid online. Create a free BuyerSuite account to send invoices, take card payments, and run a branded client portal.

More free tools

Invoice generator

Create and download a professional PDF invoice in seconds — free, no sign-up.

Quote & estimate generator

Send a professional estimate with line items and a valid-until date — free PDF.

Contract generator

Build a freelance service agreement with scope, fees, and terms — free PDF, ready to sign.

© 2026 BuyerSuite
Free toolsTemplatesCompareUse casesContactPrivacyTermsBlogAgency directorySite by Canadian Web Consulting