Freelance Hourly Rate Calculator

This is a hourly rate calculator that will help you to get a better idea of how much you should charge your clients based on your expenses (personal and business), expected profit, and billable work hours.

Please note that this tool does not take market demand, industry standards, level of expertise, and experience into consideration as these factors vary depending on your location and your circumstance and conditions.

Business Expenses

(Please only enter numerical numbers into the fields below, no commas, periods, decimals, or the $ sign)

How much is your monthly Office Rent & Office Insurance?
Please enter "0" if you work from home
$

How much do you spend monthly on Travel?
Think about taxis, airfares, buses, gasoline for business use. Do not include travel costs for personal use.
$

How much do you spend annually on Technology?
Think about computers, hardware(s) and software(s), Printers
$

How much do you spend monthly on Communications?
The cost of your High Speed Internet, mobile phones, telephones, faxline for business use.
$

How much do you spend monthly on Office Supplies?
Think about papers, printer inks / toner, pens, labels, envelopes, stamps
$

How much do you spend monthly on Office Hydro Needs?
Think about the monthly costs of electricity, water, natural gas...etc. Enter "0" if you work from home.
$

How much do you spend annually on your Business Website?
Web hosting, domain hosting costs...etc.
$

How much do you spend annually on Accountancy Fees?
The amount that you pay to have taxes done properly for your business.
$

How much do you spend monthly on Marketing?
Anything that's related to advertising and promoting your business. e.g. News paper, Yellow page listings, Google Adwords...etc.
$

How much do you spend monthly on Anything Else?
For the expenses that aren't mentioned above.
$

Estimated Profit

(Please only enter numerical numbers into the fields below, no commas, periods, decimals, or the $ sign)

How much profit would you like to make from your business each year?
$

Personal Expenses

(Please only enter numerical numbers into the fields below, no commas, periods, decimals, or the $ sign)

How much is your monthly Home Mortgage/Rent & Home Insurance?
$

How much do you spend monthly on Home Hydro Needs?
Think about the monthly costs of electricity, water, natural gas...etc.
$

How much is your monthly Car Loan & Car Insurance?
$

How much do you spend monthly on Personal Travel?
Think about taxis, airfares, buses, gasoline for personal use.
$

How much do you spend monthly on Food?
$

How much do you spend monthly on Entertainment?
For example, movies
$

How much do you spend monthly on Home Hardware?
For example, furniture, kitchenware, soap...etc.
$

How much per year do you intent to save for your Retirement Account?
For example, RRSP. 401K
$

How much do you spend monthly on Anything Else?
For the expenses that aren't mentioned above.
$

Billable Hours per Year

(Please only enter numerical numbers into the fields below, no commas, periods, decimals, or the $ sign)

How many days a week do you work on average?
Days

How many weeks of vacation do you need annually?
Weeks

Approximately how many days off do you need annually?
Estimated sick days, personal days, public and religious holidays that will take place during your work days
Days

How many hours do you work a day on average?
Include all the hours on business related work, including unpaid hours on preparing invoices, updating website...etc.
Hours per Day

Approximately how many hours a day are billable hours?
Hours that you can charge your clients for
Hours per Day

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