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Freelance hourly rate template
By Ratio · Every result was worked out by Ratio on
Start from what you want to earn in a year. Add your costs and tax, take out holidays and the hours nobody pays for, and the rate falls out at the bottom.
| You type | Ratio shows |
|---|---|
| # Freelance rate | |
| target = 60000 eur | €60,000.00 |
| expenses = 6000 eur | €6,000.00 |
| tax rate = 30% | 30% |
| needed = (target + expenses) / (1 - tax rate) | €94,285.71 |
| weeks = 52 - 6 | 46 |
| hours = weeks * 25 | 1,150 |
| rate = needed / hours | €81.99 |
| rate * 8 | €655.90 |
How it works
needed is what you have to bill so that, after expenses and tax, the target is left. 25 billable hours a week is a common figure: the rest goes to admin, sales and learning.
Make it yours
Change the target, your expenses and your tax rate. Six weeks off covers holidays and a few sick days; raise it if you take more.
Questions
Why only 25 hours a week? Most freelancers can't bill every hour they work. Email, invoices and finding clients take the rest.
Can I see the rate in another currency? Yes. Add a line rate in usd and Ratio converts at today's rate.
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