Hourly Rate from Target Income
Target salary / billable hours = required hourly rate.
Result
Required hourly rate
$66.67
100,000 / 1,500 = 66.67.
- Target income$100,000
- Billable hours1,500
- Hourly rate$66.67
- Daily rate (8h)$533.33
- Weekly (40h)$2,666.67
Step-by-step
- $100,000 / 1500 hours = $66.67/hour.
How to use this calculator
- Enter target income.
- Estimate billable hours per year (usually 1200-1700).
- Read the rate.
About this calculator
For freelancers and consultants: pick a target income, divide by realistic billable hours (typically 1200-1700 per year due to admin, sales, vacation, downtime), and you have your minimum hourly rate. Use the freelance-rate-pricing-calculator for a fuller version with overhead and profit margin.
Frequently asked
60-75% for most consultants. The other 25-40% is sales, admin, learning, vacation.
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