Business calculator
Freelance / Day-Rate Calculator
Estimate a freelance day rate from annual income, billable days, and overhead.
Formula
Day-rate formula
Day rate = target income x (1 + overhead %) / billable days
120,000 target income with 20% overhead over 180 billable days is 800/day.
FAQs
Why include overhead?+
Overhead helps account for taxes, software, unpaid admin time, and business expenses.
How does the Freelance / Day-Rate Calculator calculate the result?+
It uses the Day-rate formula: Day rate = target income x (1 + overhead %) / billable days. 120,000 target income with 20% overhead over 180 billable days is 800/day.
What information do I need to use the Freelance / Day-Rate Calculator?+
Estimate a freelance day rate from annual income, billable days, and overhead.
How accurate is the Freelance / Day-Rate Calculator?+
Freelance / Day-Rate Calculator applies the formula and assumptions shown on this page. Results may be rounded for readability, so verify changing rates, thresholds, medical guidance, or legal rules with the cited source or a qualified professional.
What should I check before using the Freelance / Day-Rate Calculator result?+
Check that the units, dates, rates, and assumptions match your situation. Change one input at a time to understand which values have the largest effect on the result.
Business guide
How to use the Freelance / Day-Rate Calculator
Estimate a freelance day rate from annual income, billable days, and overhead. The page also explains the day-rate formula and shows a practical example: 120,000 target income with 20% overhead over 180 billable days is 800/day.
- 1
Enter your details
Enter annual income, billable days, and overhead, then complete any other fields shown in the calculator.
- 2
Check the calculation
Review the result alongside the day-rate formula: Day rate = target income x (1 + overhead %) / billable days.
- 3
Compare scenarios
Change one or more inputs to see how they affect the freelance / Day-Rate Calculator result before you use the estimate.
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