Hourly Rate Calculator
Convert any annual or monthly salary into an equivalent hourly wage, or determine what freelance billing rate you need.
Calculation Inputs & Parameters
60000
(Default)
40
(Default)
50
(Default)
15
Base Hourly Rate
$30.00 / hr
Freelance Rate (w/ overhead)
$34.50 / hr
Daily Rate
$276.00 / day
Annual Working Hours
2,000 hrs
How the Calculation Works
Divides your target annual income by total billable working hours per year.
Formula: Hourly Rate = Target Annual Salary / (Hours per Week × Weeks per Year)
Practical Worked Example
Given Inputs: Target: 50,000 | 40 hrs/wk | 50 wks
Calculated Output: Rate: 25.00/hr
- 50,000 / (40 × 50) = 25.00 / hour.
Pro Tip: When calculating your freelance rate, factor in taxes, insurance, and retirement contributions, as these are no longer covered by an employer.