What is This?
We have developed this hourly rate calculator to give you a guide based on your costs, number of billable hours and desired profit. It is a simple tool for you to play with.
Remember your hourly rate should always take into account factors like market demand, industry standards, skill level and experience – things that unfortunately we can’t put into a calculator!
Use these calculations as a guide and then modify to suit your circumstance and conditions.
It will take you about 5-20 minutes to complete depending on how
much attention you give each calculation.
In this step you want to calculate what your total business costs will be FOR ONE FULL YEAR.
In this step you want to calculate what your total personal costs will be FOR ONE FULL YEAR.
Determining an hourly rate is often tricky (it always has been for me at least). Try this free hourly rate calculator to see what you should be charging.