Millo Freelance Rate Calculator

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.