Contractor Hourly Rate Calculator
Calculate your minimum hourly rate based on salary goals, business expenses, and billable hours. Get daily and weekly rates too.
Contractor Hourly Rate Calculator
Find the minimum hourly rate you need to charge to cover expenses and hit your income goals.
Your Rate Breakdown
Total Annual Expenses:
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Revenue Needed to Hit Goals:
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Total Billable Hours/Year:
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MINIMUM HOURLY RATE:
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Daily Rate (8-hour day):
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Weekly Rate:
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Note: This is your minimum rate to cover costs and hit your income
target. Many contractors charge 10–20% above the minimum to account for
slow periods, non-billable time, and growth. Adjust based on your market,
experience, and specialization.
Estimating a full project?
Most contractors working on your rate analysis is ready also calculate: