Contractor & Freelancer Hourly Rate Calculator

Back-calculate a profitable billable hourly and day rate from target annual income, business overhead, utilization, and tax reserves—then turn it directly into an itemized client quote or invoice.

Margin vs. Markup Calculator

Direct Materials & Labor Cost ($)

Desired Gross Margin (%)

Client Quote Price $1,846.15

Gross Profit $646.15

Margin / Markup 35% / 53.9%

Create Client Quote at $1,846.15

Contractor Hourly & Day Rate Calculator

Target Annual Net Income ($)

Annual Business Overhead ($)

Billable Hours per Week

Tax Reserve (%)

Hourly Rate $122.52/hr

Day Rate (8h) $980.16

Annual Gross Needed $164,667

Create Invoice at $122.52/hr