Hourly Billing Rate Calculator
Work out the hourly rate to charge to hit a target income after allowing for overheads and unbillable time. Enter target annual income, billable…
8 of 8 free uses remaining today
Work out the hourly rate to charge to hit a target income after allowing for overheads and unbillable time. Enter target annual income, billable hours per year and overheads to see hourly rate when you calculate.
Worked example
Example calculated from the starting values. Enter your own values and press Calculate to get your result.
With the default inputs (target annual income = 90,000, billable hours per year = 1,400, overheads = %20), the results are: hourly rate 77.14.
Quick reference: target annual income vs result
Reference table based on the example values; it is not your calculation result.
| Target annual income | Hourly rate |
|---|---|
| 45,000 | 38.57 |
| 90,000 | 77.14 |
| 180,000 | 154.29 |
| 450,000 | 385.71 |
| 900,000 | 771.43 |
| 1,800,000 | 1,542.86 |
Frequently asked questions
What formula does this calculator use?
Hourly rate = sal × (1+oh ÷ 100) ÷ hrs. Variables: sal = target annual income, hrs = billable hours per year, oh = overheads in %.
What do I need to enter?
You need target annual income, billable hours per year, overheads (%). Results update as you type.
What is an example result?
With the default inputs (target annual income = 90,000, billable hours per year = 1,400, overheads = %20), the results are: hourly rate 77.14.
Related Tools
View allMarkup Calculator
Add a markup percentage to your cost to get a selling price. Enter the cost and the markup to see the price, the profit per item and the resulting…
Selling Price from Target Margin Calculator
Find the price you must charge to hit a target profit margin. Enter your cost and the margin you want, and the calculator returns the price and the…
Margin to Markup Converter
Convert a profit margin percentage into the equivalent markup percentage on cost. The two are often confused, and markup is always the larger…
Markup to Margin Converter
Convert a markup percentage on cost into the equivalent profit margin percentage on price. The two are often confused, and margin is always the…