Hourly Rate Calculator
Find your ideal hourly rate based on your income goals, business expenses, available hours, and desired profit margin.
Your inputs
Recommended hourly rate
$106
/ hour
$845
Daily rate (8 hrs)
$13,719
Monthly revenue (est.)
$152,083
Total revenue needed
1,440
Total billable hours / year
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Tips for Setting Your Rate
Practical advice before you lock in a number.
Research Market Rates
Look at what others in your industry and experience level charge. Sites like Glassdoor and industry surveys can help benchmark your rate.
Consider Value Pricing
Your hourly rate is a floor, not a ceiling. For high-value deliverables, consider project-based pricing that reflects the value you create.
Review Rates Regularly
Revisit your rates every 6-12 months. As you gain experience and build your portfolio, your rate should increase accordingly.
Set Project Minimums
Small projects have overhead regardless of size. Set a minimum project fee to ensure short engagements are still worthwhile.
Frequently Asked Questions
Common questions about setting freelance and consulting rates.
Next step
Bill your first hour at that rate
Your rate is already filled in. Add what you did and for whom, then download the PDF or save it into a new account.
Make an invoice now
Start with the details that belong on your invoice.
6 fields, about a minute
12 × $106.00$1,272.00
Current total
$1,272.00
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Invoice preview
This is what your client sees.
Green Acre Landscaping
INVOICE
INV-202609-001
Issued
Sep 15, 2026
Due
Oct 15, 2026
Currency
USD
From
Green Acre Landscaping
Bill to
Riverside Cafe
| Description | Qty | Rate | Amount |
|---|---|---|---|
| Lawn maintenance, June | 12 | $106.00 | $1,272.00 |
Payment due within 30 days. Thank you for your business.
Live preview, updates as you type
Track Your Time & Invoice Automatically
Invoice My Clients has built-in time tracking that converts tracked hours directly into invoice line items.