Free calculator
Billable Rate Calculator
Free Billable Rate Calculator with instant browser-based results and a clear calculation breakdown.
💼 Billable Rate Calculator
Calculate your hourly billable rate based on your desired annual salary, business expenses, and billable hours. This helps freelancers and consultants determine what to charge clients.
Your target take-home income per year
Software, equipment, insurance, taxes, etc.
Additional buffer for unexpected costs and profit
Actual hours you can bill (not total work hours)
Typically 48-50 weeks (accounting for vacation/holidays)
Your Recommended Billable Rate
$0.00
per hour
📊 How This Is Calculated
Formula: Hourly Rate = (Desired Salary + Business Expenses) × (1 + Overhead %) ÷ Total Billable Hours
Total Billable Hours = Billable Hours per Week × Working Weeks per Year
This calculation ensures you cover your salary, expenses, overhead costs, and profit margin. Remember that not all working hours are billable—time spent on marketing, administration, and professional development must be factored into your rate.
Want to understand the calculation?
Read the guideSee examples, formula notes and limitations.