Enter the total cost ($) and the total number of words into the Calculator. The calculator will evaluate the Rate Per Word. 

Rate Per Word Formula

RPW = C / W

Variables:

  • RPW is the Rate Per Word ($/word)
  • C is the total cost ($)
  • W is the total number of words

To calculate the Rate Per Word, divide the total cost by the number of words.

How to Calculate Rate Per Word?

The following steps outline how to calculate the Rate Per Word.


  1. First, determine the total cost ($). 
  2. Next, determine the total number of words. 
  3. Next, gather the formula from above = RPW = C / W.
  4. Finally, calculate the Rate Per Word.
  5. After inserting the variables and calculating the result, check your answer with the calculator above.

Example Problem : 

Use the following variables as an example problem to test your knowledge.

total cost ($) = 577

total number of words = 83823

FAQs

What factors can influence the Rate Per Word in editing or transcription services?

The Rate Per Word can be influenced by several factors including the complexity of the text, the turnaround time required, the level of expertise of the editor or transcriber, and the specific language or technical field involved.

How can I ensure I’m getting a fair Rate Per Word when hiring a service?

To ensure you’re getting a fair rate, compare prices from multiple service providers, check reviews or ask for recommendations, and discuss all project details upfront to avoid hidden costs. Additionally, using calculators like the ones provided can give you a baseline for negotiation.

Is it cheaper to hire services based on a Rate Per Word or an hourly rate?

The cost-effectiveness of hiring based on a Rate Per Word versus an hourly rate depends on the specific project. For projects with a high word count but lower complexity, a Rate Per Word might be cheaper. For projects that require intensive editing or transcription of difficult audio, an hourly rate might be more economical.

Can the Rate Per Word vary significantly between different languages?

Yes, the Rate Per Word can vary significantly between languages due to factors such as the availability of qualified professionals, the complexity of the language, and the demand for services in that language. Less commonly spoken languages or those requiring specialized knowledge may command higher rates.