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Billable Hourly Rate illustration

Small Business · Pricing

Billable Hourly Rate

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Use this to set a freelance or consulting rate that covers your income goal plus business expenses across your billable hours.

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Freelancer rate

(Target Income + Annual Expenses) / Billable Hours

$120,000 to cover over 1,200 billable hours needs a $100/hour rate.

Check your inputs before you rely on the result — calculations are informational only and depend entirely on the numbers you enter. See our Terms.

Variables and units

  • Target Income

    Annual take-home income you want.

    currency

  • Annual Expenses

    Yearly business costs to cover.

    currency

  • Billable Hours

    Hours you can actually bill in a year.

    count

Common mistakes

  • Using total working hours instead of billable hours.
  • Forgetting taxes and business expenses.

Step-by-step example

Freelancer rate

$120,000 to cover over 1,200 billable hours needs a $100/hour rate.