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Contractor Day Rate
Day and hour rates from a target annual income
Runs locally in your browser
Parameters
Results
- Day rate
- $867
- Hourly rate
- $108.33
- Gross to bill / year
- $156,000
Buffer covers unpaid time, benefits, equipment, and self-employment tax — adjust to your situation.
How it works
Backs into day and hour rates from a target income with an overhead/tax buffer.
Who it's for: Freelancers and contractors setting sustainable rates.
Gross to bill = target × (1 + overhead%).
Day rate = gross ÷ billable days.
How to use
- Enter Target annual income, Billable days, Hours/day, and Overhead buffer.
- Increase buffer if you have expensive benefits or long sales cycles.
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