Tools Calculator

Loomrate Logo Freelance vs. Employee

See how your freelance rate stacks up against a full-time salary once benefits, payroll taxes, and unpaid time off are factored in.

Employee Side

Freelance Side

The Comparison

Employee Total Comp
$0
Salary + benefits value
Freelance Net Income
$0
After expenses & SE tax
Rate Needed to Match Employee Comp
$0/hr
At your current billable hours

What this comparison includes (and doesn't)

Employee total compensation = salary + the dollar value of benefits (health insurance, 401(k) match, paid time off) as a percentage of salary. Freelance net income = (billable rate × hours × 50 weeks) − annual business expenses − self-employment tax. This is a simplified model for quick comparison — it doesn't include income tax brackets, state-specific rules, or healthcare premium specifics. For a full breakdown of your freelance project profitability including platform fees and scope creep, use the main calculator.

Analyze a Real Project