Enter your desired yearly salary, your weekly estimated hours worked, and the number of weeks worked per year to calculate a proper freelance rate.

## Freelance Rate Formula

R = DS / (H * W) * 1.30

• Where R is your hourly rate (\$/hr)
• DS is your desired yearly salary (\$)
• H is the average hours worked per week
• W is the number of weeks worked per year
• 1.30 is a 30% factor for expenses

## Freelance Rate Definition

What is a freelance rate? A freelance rate is an hourly monetary fee charged to a customer for freelance work performed by someone providing a service. This rate is typically expressed as \$/hour of work.

## Freelance Rate Example Problem

How to calculate freelance rate?

1. First, determine the yearly desired salary.

For this example, we would like our annual income to be \$120,000.00.

2. Next, determine the number of hours worked per week.

On average it’s found that the freelancer in this problem works 30 hours per workweek.

3. Next, determine the number of weeks worked per year.

Accounting for 3 weeks of vacation time, this freelancer works 49 weeks per year.

4. Finally, calculate the hourly freelance rate.

Using the formula above, the freelance rate is calculated to be 120000/(49*30) *1.30 = \$106.12/hr.