Hourly Rate Calculator
Work backward from annual owner pay, business expenses and billable hours.
Your result—
How it works
Annual billable hours = working weeks × billable hours per week. Break-even hourly rate = (owner pay goal + overhead) ÷ annual billable hours. Target hourly rate = break-even rate ÷ (1 − profit margin ÷ 100).
This is a planning rate for your billable time. Owner pay is before personal taxes. Separately billed materials, subcontractors and job-specific costs are not included unless you put them in expenses.
Read: How much should a contractor charge per hour?