Hourly Rate Calculator
Calculate your minimum billable hourly rate from salary, overhead, and profit margin. Free hourly rate calculator for freelancers and service businesses.
Results
⚠️ This is a minimum viable rate. Adjust upward based on market rates, specialist skills, and client value delivered.
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Track billable hours, invoices, and payments in Tregovia
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Frequently asked questions
How do I calculate my hourly rate from salary?
Hourly rate = Annual salary ÷ (Weeks per year × Hours per week). For example: €60,000 ÷ (50 × 40) = €30/hr base rate. Add overhead and profit margin to get your billable rate.
How much should I add for overhead?
Self-employed professionals typically add 15–30% for overhead (insurance, software, equipment, admin time). Employees don't need to add this as the employer covers it.
What profit margin should a freelancer charge?
20–30% is a healthy target for freelancers and service businesses. This covers risk, investment, and business growth beyond just covering costs.
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