Free Hourly Rate Calculator
Calculate the hourly rate you need to charge based on desired earnings and available billable hours.
USD
hrs
weeks
%
Required Hourly Rate
$74.07/hr
Gross Revenue Needed$106,667
Monthly Revenue Target$8,889
Required Hourly Rate vs Desired Annual Income
How to Calculate Your Hourly Rate
Account for business expenses by inflating your desired income, then divide by total annual billable hours.
Formula
Gross Needed = Desired Income / (1 - Expense % / 100)
Hourly Rate = Gross Needed / (Billable Hours/Week x Working Weeks)
Example Calculation
You want $80,000 take-home with 25% overhead, billing 30 hrs/week for 48 weeks.
- 01Gross needed = $80,000 / (1 - 0.25) = $106,667
- 02Total billable hours = 30 x 48 = 1,440
- 03Hourly rate = $106,667 / 1,440 = $74.07
- 04Monthly revenue target = $106,667 / 12 = $8,889
Frequently Asked Questions
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