Millo Freelance Rate Calculator
Comprehensive freelance calculator that computes rates by project, hour, day, week, or month while accounting for taxes, business expenses, platform fees, and desired profit margins.
About this tool
Overview
Millo's Freelance Rate Calculator is a comprehensive tool that helps freelancers calculate rates across multiple pricing models: project, hourly, daily, weekly, and monthly. It provides a complete financial picture for sustainable freelance pricing.
Multiple Rate Formats
Hourly Rate
Target average hourly fee for hourly billing
Day Rate
Target average daily rate for day-based contracts
Per-Project Rate
Target average cost for each client project
Weekly Target
Target average weekly income goals
Monthly Target
Target average monthly income goals
Comprehensive Factors
Taxes (15-17%)
Accounts for freelance tax obligations that typically consume 15-17% of total annual revenue
Work Hours
- Hours per day you want to work
- Days per week you'll be working
- Weeks per year (accounting for vacation)
Business Expenses
- Software subscriptions
- Equipment and tools
- Marketing costs
- Professional development
- Insurance
- Office space
Platform Fees
- Freelance platform commissions
- Credit card processing fees
- Payment gateway costs
- Other transaction fees
Key Features
- Multi-format rate calculation
- Tax consideration built-in
- Platform fee accounting
- Profit margin targeting
- Revenue goal projection
- Comprehensive expense tracking
Use Cases
- Hybrid pricing models (hourly + project)
- Platform-based freelancing (Upwork, Fiverr)
- Direct client relationships
- Retainer arrangement planning
- Financial goal setting
- Business growth planning
Benefits
- Multiple pricing model support
- Accounts for all major costs
- Revenue projections
- Profit-focused calculations
- Free to use
- No signup required
About Millo
Millo is a community and resource hub for freelancers, offering tools, articles, and support for independent professionals building sustainable freelance businesses.
Pricing
Free calculator from the Millo.co team.
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Information
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