Hourly Rate Calculator Australia
Calculate your estimated hourly rate from your annual income goal, working hours and working weeks per year.
How Does the Hourly Rate Calculator Work?
This calculator estimates the hourly rate required to reach an annual income target based on your working hours and number of working weeks. You can also include additional annual business costs.
Example
Suppose you want to generate $80,000 per year, work 38 hours per week and work for 48 weeks each year.
Your total working hours would be:
The calculator then divides your income target and any additional business costs by your estimated annual working hours.
Who Can Use This Calculator?
- Freelancers
- Independent contractors
- Consultants
- Small-business owners
- Self-employed workers
- People comparing salary and hourly work
Important Note
This is a general planning calculator. It does not automatically account for Australian income tax, superannuation, GST, leave, insurance, unpaid administration time or other employment and business costs.
If you are self-employed or contracting, consider your actual business expenses and non-billable hours when setting your rate.
Hourly Rate Calculator Australia โ FAQ
How do I calculate my hourly rate?
Divide the income you need to generate by the number of hours you expect to work during the year.
How many working weeks should I enter?
Enter the number of weeks you realistically expect to work. For example, someone taking holidays or unpaid breaks may work fewer than 52 weeks.
Should freelancers include business expenses?
Yes. Business expenses such as software, equipment, insurance and other operating costs can be considered when determining an appropriate rate.
Does this calculate my Australian tax?
No. This calculator estimates an hourly income requirement and is not an Australian income-tax calculator.