As a consultant, you spend massive amounts of time on non-billable client acquisition and travel. Use this calculator to ensure your billable hours cover your target salary.
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Hourly Rate Calculator for Consultants
Calculate your required freelance hourly rate based on target annual salary, business overhead expenses, vacation weeks, and billable utilization percentage.
Freelance Hourly Rate Calculator
$
$
Software, marketing, equipment
%
Not all working hours are billed to clients (admin, marketing, pitches).
Your Minimum Hourly Rate
To achieve your desired take-home salary after expenses.
$85.57
per billable hour
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How to use the Freelance Hourly Rate Calculator
Input your desired annual take-home salary, estimated annual business overhead (software, health insurance, taxes), weeks off per year, and expected billable utilization rate (e.g. 70%). The calculator determines the minimum hourly rate you must charge. Seamlessly export invoices using our Free PDF Invoice Generator.