Freelancer Hourly Rate Calculator
Calculating your freelance hourly rate is crucial for ensuring you're fairly compensated for your skills and time. A well-calculated rate not only covers your expenses and desired income but also accounts for taxes, benefits, and the inevitable downtime between projects. This calculator will help you determine a sustainable hourly rate by considering all these essential factors.
Your Estimated Hourly Rate:
$0.00
Remember, this is an estimate. You may need to adjust based on your industry, experience, and market demand.
function calculateHourlyRate() {
var annualIncomeGoal = parseFloat(document.getElementById("annualIncomeGoal").value);
var businessExpenses = parseFloat(document.getElementById("businessExpenses").value);
var benefitsCost = parseFloat(document.getElementById("benefitsCost").value);
var paidTimeOff = parseFloat(document.getElementById("paidTimeOff").value);
var billableHoursPerWeek = parseFloat(document.getElementById("billableHoursPerWeek").value);
var weeksWorkedPerYear = parseFloat(document.getElementById("weeksWorkedPerYear").value);
var totalAnnualExpenses = businessExpenses + benefitsCost;
var totalRequiredIncome = annualIncomeGoal + totalAnnualExpenses;
var totalBillableHours = billableHoursPerWeek * weeksWorkedPerYear;
if (isNaN(totalBillableHours) || totalBillableHours <= 0) {
document.getElementById("hourlyRateOutput").textContent = "Invalid input for billable hours or weeks worked.";
return;
}
var hourlyRate = totalRequiredIncome / totalBillableHours;
document.getElementById("hourlyRateOutput").textContent = "$" + hourlyRate.toFixed(2);
}
.calculator-container {
font-family: sans-serif;
max-width: 600px;
margin: 20px auto;
padding: 20px;
border: 1px solid #ccc;
border-radius: 8px;
background-color: #f9f9f9;
}
.calculator-container h2 {
text-align: center;
margin-bottom: 15px;
color: #333;
}
.calculator-container p {
color: #555;
line-height: 1.6;
margin-bottom: 20px;
}
.calculator-inputs {
display: grid;
grid-template-columns: 1fr;
gap: 15px;
}
.input-group {
display: flex;
flex-direction: column;
}
.input-group label {
margin-bottom: 5px;
font-weight: bold;
color: #444;
}
.input-group input[type="number"] {
padding: 10px;
border: 1px solid #ccc;
border-radius: 4px;
font-size: 16px;
}
.calculator-container button {
padding: 12px 20px;
background-color: #007bff;
color: white;
border: none;
border-radius: 4px;
font-size: 16px;
cursor: pointer;
transition: background-color 0.3s ease;
width: 100%;
margin-top: 10px;
}
.calculator-container button:hover {
background-color: #0056b3;
}
.calculator-result {
margin-top: 25px;
padding: 15px;
border: 1px solid #d4edda;
background-color: #e9ecef;
border-radius: 4px;
text-align: center;
}
.calculator-result h3 {
margin-bottom: 10px;
color: #28a745;
}
.calculator-result p {
font-size: 18px;
font-weight: bold;
color: #333;
}
#hourlyRateOutput {
font-size: 24px;
color: #28a745;
margin-bottom: 10px;
}