Freelancer Day Rate Calculator

Find the hourly or day rate you need to hit your target salary as a freelancer.

Target take-home ($)

Billable days / year

Billable hours / day

Business overhead (%)

Self-employment tax (%)

Gross needed

$106,257

With overhead

$138,135

Hourly rate

$105

Day rate

$628

Rate by project scope

Many freelancers use a multiplier to account for non-billable time (sales, admin) and risk.

1× (raw)

$105

1.5×

$157

2×

$209

2.5×

$262

Assuming 1320 billable hours/year. Non-billable time (proposals, admin, vacation) is the biggest reason to use a multiplier above 1×.

About this tool

Enter your target annual income, billable days, and overhead percentage. Get the day rate, the hourly rate at common multipliers, and what to charge for 1099 taxes. Top r/freelance question — ‘how do I price myself?’

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