Contractor Rate Calculator
Calculate your optimal hourly, daily, and project rates as a freelancer or contractor. Compare different pricing models and ensure you’re charging appropriately for your skills and expenses.
Step 1: Income & Expenses
Understanding Contractor Rates
Your rate should cover not just your desired salary but also business expenses, taxes, insurance, retirement savings, and unpaid time off. Remember to factor in 20-30% for non-billable work.
Step 2: Time & Billing
About Billable Hours
Most contractors only bill 60-80% of their working hours. The rest is spent on admin, marketing, training, and other non-billable tasks. Adjust your rates accordingly to account for this non-billable time.
Contractor Rate Calculation Results
Recommended Hourly Rate
Industry Rate Comparison
| Contractor Type | Low Range | Average Range | High Range | Your Rate |
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Income Breakdown Analysis
Contractor Rate Formula
Hourly Rate = (Desired Income + Expenses) ÷ (Billable Hours × Weeks)
The contractor rate calculation factors in your desired annual income, business expenses, and actual billable working hours to determine a sustainable hourly rate that covers all costs and provides your target income.
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