💰 Finance calculator

Freelance Rate Calculator

Find out exactly what you should charge — hourly, daily, or per project — based on your income goals.

Hourly rate
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Daily rate
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Avg project rate
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Monthly target
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How to use this calculator

1
Set your income goalEnter how much you want to take home each month after expenses.
2
Add your monthly expensesInclude tools, software, internet, co-working space, and any other business costs.
3
Set your working scheduleBe realistic — not every day is billable. Account for admin, marketing, and breaks.
4
Add a bufferThe 20% buffer covers taxes, unpaid invoices, and slow months. Never skip this.

Why most freelancers undercharge

The most common mistake freelancers make is setting rates based on what they think clients will pay, rather than what they actually need to earn. This leads to burnout — working long hours but still not hitting financial goals.

A sustainable freelance rate must cover: your desired take-home income, all business expenses, taxes (GST + income tax), and a buffer for months when work is slow or clients pay late.

As a rule of thumb, your billable rate should be 2-3x what you'd earn as a salaried employee in the same role. This accounts for the lack of benefits, job security, and the time you spend on non-billable work like proposals, admin, and client communication.

Once you know your rate, Freelinq helps you stick to it — create proposals with your rates, track hours per project, and invoice clients automatically.

Send proposals with your rates in seconds

Once you know your rate, Freelinq helps you build and send professional proposals — with AI that writes the scope and timeline for you.

Try Freelinq free →