Freelance Hourly Rate Calculator
Work out the hourly rate you need to charge to hit your income target as a freelancer.
Standard: 40 hours/week, 52 weeks/year (2,080 hours/year)
Hourly Rate Breakdown
💰 Pay Period Breakdown
⏰ Overtime Earnings
💡 Hourly Rate Tips
- • Standard US workweek is 40 hours (8 hours/day, 5 days/week)
- • Most full-time positions include 2 weeks paid vacation + holidays
- • Overtime is typically 1.5x pay for hours over 40/week
- • Part-time jobs usually have fewer benefits and hours
- • Freelancers should factor in business expenses and taxes
- • Contract work may not include paid time off
Formula
Hourly Rate = Annual Salary / (Hours per Week × Weeks per Year)
Example: $60,000 / (40 × 52) = $28.85/hour
Annual Total Hours = 40 hours/week × 52 weeks/year = 2,080 hours
How it works
Hourly Rate = Annual Salary / (Hours per Week × Weeks per Year) Example: Annual Salary: $60,000 Hours per Week: 40 Weeks per Year: 52 Hourly Rate = $60,000 / (40 × 52) = $60,000 / 2,080 = $28.85/hour Weekly Pay = $28.85 × 40 = $1,154/week Monthly Pay = ($28.85 × 40 × 52) / 12 = $5,000/month
The hourly rate calculator converts between different pay formats and calculates your effective hourly wage. Enter your salary or hourly rate in any format and adjust your work schedule (hours per week and weeks per year). Shows all pay period breakdowns plus overtime earnings.
Why this matters
Understanding your hourly rate is essential for comparing job offers, calculating overtime pay, and freelance pricing. It helps you evaluate whether a salary is competitive and see your true hourly value. Freelancers can use this to set rates and track earnings across different work schedules.
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The complete guide to freelance hourly rate calculator
Formulas, examples, and tips explained in plain English