MegiLance
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Determine your ideal hourly and project rates to cover taxes, overhead, savings, and target income. Compare your rates against global market database benchmarks.
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Enter your target annual salary, expected business expenses, billable hours per week, and vacation weeks. The calculator will determine the base rate you need to charge to cover taxes, overhead, and reach your income goals.
Freelancers must cover their own health insurance, self-employment taxes (e.g. FICA), unpaid vacation, administrative tasks, and hardware. Therefore, your freelance rate needs to be 1.5x to 2x your equivalent salaried rate.
Yes, our rate advisor allows you to adjust target utilization and tax rates to project monthly, quarterly, and yearly net income, helping you price projects with confidence.
Get personalized rate recommendations based on real market data