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
$82
/ hour
$660
Daily rate (8 hrs)
$10,712
Monthly revenue (est.)
$118,750
Total revenue needed
1,440
Total billable hours / year
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.
Track Your Time & Invoice Automatically
Invoice My Clients has built-in time tracking that converts tracked hours directly into invoice line items.