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Analyze freelance hourly rates, plan project quotes, and track profit margins.

Project Inputs

Total Non-Billable: 0 hrs
Monthly Overhead

Performance

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Enter project details to generate score
Gross Profit
$0.00
Before taxes
Net Profit
$0.00
Your take-home
True Hourly Rate
$0.00/hr
Including non-billable
Quoted Hourly Rate
$0.00/hr
Based on estimate
No scope creep
$0.00
Estimate mismatch loss
Platform Fee Total
$0.00
Paid to platform
Overhead Allocated
$0.00
Prorated overhead costs
Tax Set Aside
$0.00
Reserve for taxes
Recommended minimum fee for a similar project
Adjusted for overhead & minimum targets
Profitability Over Time
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Saved Projects

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Client Summary

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Understanding Freelance Rate & Quote Calculation

How does this freelance rate calculator work?

Our calculator performs multi-step analysis on your project fees and quotes. It helps you see your true earning power in two modes:
1. Analyze Project: Input your project fee, estimated billable hours, unpaid overhead time, and deductions (like taxes or platform commissions) to reveal your true hourly take-home rate.
2. Plan a Quote: Enter your target hourly take-home pay, expected billable hours, overhead hours, and deductions to discover the exact project fee you should quote to the client.

Why is your "True Hourly Rate" lower than your quoted rate?

Your quoted rate is your gross billable rate (e.g. Project Fee / Billable Hours). However, your true hourly rate accounts for all the unpaid hours you spend on emails, client meetings, accounting, and proposal writing, as well as business overhead expenses and self-employment tax reserves. By calculating your true take-home rate, you ensure your freelance business is actually profitable and sustainable. Learn more on our frequently asked questions page.

How to set freelancer income targets and project pricing

To hit your freelancer income goals, you must price your services to cover both billable and non-billable hours. Use our tool to calculate quotes for fixed-price contracts by factoring in a safety margin for potential scope creep. Compare different project structures using the comparison matrix to see which clients or contracts yield the highest net return for your time.