Most service providers undercharge by 50-200%. Find your real number.
Most freelancers and consultants set their rate by dividing their old salary by 2,080 hours (40 hrs × 52 weeks). This ignores self-employment tax, income tax, health insurance, software costs, overhead, and the fact that not every hour is billable. The result? You charge $40/hr when you actually need $120/hr.
Choose your pricing model — hourly rate, project/retainer, or monthly revenue — and enter your income goal. The calculator works backward: it adds taxes, insurance, overhead, and business costs to find the gross revenue you need, then divides by your actual billable hours to reveal your real minimum rate.
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