Determine your minimum required hourly rate to charge clients to cover target salary, business overhead, and billable hours.
⏰ Contractor Hourly Rate Calculator
Annual Billable Hours
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Break-Even Hourly Cost
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Recommended Charge Rate
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💡 Pro Tip
Only calculate billable hours when finding your hourly rate. Admin tasks, client sales meetings, drive time, and clean-up are not billable but must be covered by your billable rate.
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Frequently Asked Questions
Q: How do I calculate my freelance/contractor hourly rate?
Formula: Hourly Rate = (Desired Annual Salary + Annual Overhead Expenses) ÷ Annual Billable Hours. A full-time year has 2,080 hours, but only ~1,200 to 1,500 hours are billable after admin, sales, and holidays.
Q: What counts as business overhead?
Insurance, commercial truck payments, fuel, tools, software licenses, bookkeeping, marketing, and office rent.
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