Hourly Rate Calculator
This calculator helps you determine your ideal hourly rate based on your desired annual income, estimated working hours, and business expenses.
Your Estimated Hourly Rate:
#hourly-rate-calculator {
font-family: sans-serif;
max-width: 500px;
margin: 20px auto;
padding: 20px;
border: 1px solid #ddd;
border-radius: 8px;
box-shadow: 0 2px 4px rgba(0,0,0,0.1);
}
.calculator-inputs {
margin-bottom: 20px;
}
.input-group {
margin-bottom: 15px;
display: flex;
flex-direction: column;
}
.input-group label {
margin-bottom: 5px;
font-weight: bold;
}
.input-group input {
padding: 10px;
border: 1px solid #ccc;
border-radius: 4px;
font-size: 1em;
}
button {
padding: 12px 20px;
background-color: #007bff;
color: white;
border: none;
border-radius: 4px;
font-size: 1.1em;
cursor: pointer;
transition: background-color 0.3s ease;
}
button:hover {
background-color: #0056b3;
}
.calculator-result {
margin-top: 25px;
padding: 15px;
background-color: #e9ecef;
border-radius: 4px;
}
.calculator-result h3 {
margin-top: 0;
color: #333;
}
#hourlyRateDisplay {
font-size: 1.5em;
font-weight: bold;
color: #28a745;
}
function calculateHourlyRate() {
var desiredAnnualIncome = parseFloat(document.getElementById("desiredAnnualIncome").value);
var annualBusinessExpenses = parseFloat(document.getElementById("annualBusinessExpenses").value);
var paidVacationDays = parseFloat(document.getElementById("paidVacationDays").value);
var paidHolidays = parseFloat(document.getElementById("paidHolidays").value);
var billableHoursPerDay = parseFloat(document.getElementById("billableHoursPerDay").value);
var workingDaysPerWeek = parseFloat(document.getElementById("workingDaysPerWeek").value);
var totalDaysInYear = 365;
var totalPaidDaysOff = paidVacationDays + paidHolidays;
var workingDaysInYear = totalDaysInYear – totalPaidDaysOff;
var totalBillableHoursPerYear = workingDaysInYear * (workingDaysPerWeek / 5) * billableHoursPerDay; // Adjust for working days per week
var totalIncomeNeeded = desiredAnnualIncome + annualBusinessExpenses;
var hourlyRate = 0;
if (totalBillableHoursPerYear > 0 && totalIncomeNeeded > 0) {
hourlyRate = totalIncomeNeeded / totalBillableHoursPerYear;
}
var formattedHourlyRate = isNaN(hourlyRate) ? "N/A" : "$" + hourlyRate.toFixed(2);
document.getElementById("hourlyRateDisplay").textContent = formattedHourlyRate;
}