Freelance Day Rate Calculator
Convert an hourly rate to a day rate, or a day rate to hourly, and see what it adds up to each week, month and year.
Your rate
Filled in with example values. Replace them with your own.
Your billable time
Count only the time clients pay for. Leave out holidays and weeks without work.
Currency symbol
Results update as you type.
Result
$75.00 an hour = $600.00 a day (8 h) = $3,000.00 a week = $138,000.00 a year (46 weeks)
Day rate
$600.00a day
- Hourly
- $75.00
- Daily8 hours
- $600.00
- Weekly5 days
- $3,000.00
- MonthlyYearly ÷ 12
- $11,500.00
- Yearly46 billable weeks
- $138,000.00
- Billable time
- 230 days, 1,840 h a year
Gross amounts before business expenses, fees and taxes.
How it’s calculated
Day rate
$75.00 × 8 h = $600.00
Week
$600.00 × 5 days = $3,000.00
Year
$3,000.00 × 46 weeks = $138,000.00
Average month
$138,000.00 ÷ 12 = $11,500.00
How the day rate calculator works
Freelancers and contractors are often asked for an hourly rate by one client and a day rate by another. This calculator converts the rate you know into the other, and shows what it adds up to over a week, a month and a year of billable time.
It does not tell you what to charge. For that, start from your target income in theFreelance Rate Calculator.
The formula
Day rate = Hourly rate × Billable hours a day
Week = Day rate × Billable days a week
Year = Week × Billable weeks a year
Month = Year ÷ 12
Worked examples
At 75 an hour with 8-hour days, 5 days a week and 46 billable weeks:
- Day rate: 75 × 8 = 600
- Week: 600 × 5 = 3,000
- Year: 3,000 × 46 = 138,000, or 11,500 in an average month
The other way: a day rate of 500 for a 7.5-hour day is 500 ÷ 7.5 = 66.67 an hour.
Assumptions and limitations
- All amounts are gross: before business expenses, fees and taxes.
- Weeks, days and hours are the billable ones. Unbilled time and holidays are left out.
- A month is an average of a year divided by 12, not a particular calendar month.
Frequently asked questions
How do I turn an hourly rate into a day rate?
Multiply it by the hours you bill in a day. At 75 an hour and 8 billable hours, the day rate is 600. To go the other way, divide the day rate by the hours.
How many hours is a billable day?
There is no single answer: it is whatever you and your client agree a day means. Many contracts assume 7.5 or 8 hours, so state it in your terms. The calculator uses 8 unless you change it.
Is the yearly figure what I will earn?
It is gross revenue: what clients would pay for the billable time you entered. Business expenses, platform or payment fees and taxes still come out of it, and it assumes every one of those weeks is fully booked.
How do I work out what rate to charge?
Use the Freelance Rate Calculator. It starts from the income you want and your costs, and gives the hourly and day rate you need. This calculator converts a rate you already have.