Quick answer: Your hourly rate depends on your billable hours. Use the calculator below to estimate your exact rate.
If you want to earn the equivalent of a $40,000 salary as a freelancer, your hourly rate still needs to account for taxes, expenses, downtime, and non-billable time. Use this calculator to estimate what you should charge.
Freelancers must account for taxes, downtime, and business expenses. A common rule is to increase your target salary by 30–50% to arrive at a sustainable freelance rate.
Even at a $40k income target, freelancers need to price carefully because billable hours are usually lower than total working hours.
This is useful for comparing freelance rates, job offers, or understanding your effective hourly earnings.