Freelance Rate Calculator
Find the hourly rate you need to hit your income goal, plus project quotes.
Your numbers
Project quote estimator
Works with any currency — just treat the $ sign as your own (PKR, EUR, £, etc.).
Price your freelance work with confidence
Most freelancers undercharge because they guess their rate instead of calculating it. This free online freelance rate calculator works backwards from the monthly income you actually want, so your rate covers expenses, taxes and the unpaid hours every freelancer has.
How to use it
Enter your desired monthly income (what you want to keep), your billable hours per week (only the hours clients pay for — be honest; 20–25 is realistic for most freelancers), your monthly business expenses (software, internet, coworking) and your tax rate. The calculator shows three numbers: your minimum hourly rate (the floor you must never go below), a recommended rate with a 20% buffer for admin, marketing and holidays, and an 8-hour day rate.
The formula, in plain English
Billable hours per month = weekly billable hours × 4.33. The gross amount you must earn = (desired income + expenses) ÷ (1 − tax rate), because taxes come off the top. Divide that gross by your billable hours and you get the true minimum hourly rate. The recommended rate adds 20% because no freelancer bills every hour they work.
Quoting projects
Use the quote estimator: enter your honest hour estimate, pick a rush multiplier for tight deadlines, and you get a suggested fixed quote based on your recommended rate. Rush work should always cost more — it displaces other clients and eats your evenings. This tool works in any currency; just read the $ sign as PKR, EUR, £ or whatever you earn in.