How to Calculate Your Freelance Hourly Rate (Formula & Calculator)

Published: 2026-02-07 | Read Time: 4 min read

Price your freelance services accurately by factoring in target annual salary, unbillable administrative hours, taxes, software costs, and profit margins.

Frequently Asked Questions

Should I quote hourly rates or fixed project fees to clients?

Use hourly rates for open-ended consulting and maintenance. Use fixed project pricing (based on your hourly rate × estimated hours + 20% buffer) for well-scoped deliverables.