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Day Rate Calculator

Your hourly rate expressed as a day rate, a week, a month, and a year, so a quote and a plan use the same number.

✓ Updates as you type✓ Works on mobile✓ Your numbers stay on your device

Convert your rate

Set the working day and week you actually quote against.

The maths

How this is worked out

A day rate is the hourly rate times the hours in a billed day, and a week is that day rate times the days you bill. The annual figure deliberately uses your real billable hours rather than the weekly figure times 52, because nobody bills 52 weeks.

Day = hourly × hours per day · Week = day × days per week · Month = week × 52 ÷ 12 · Year = hourly × billable hours

Worked example

A worked example

At $85 an hour with an eight-hour billed day, the day rate is $680 and a five-day week is $3,400. That is about $14,733 a month while you are working — but across 1,000 billable hours the year comes to $85,000.

Replace the figures above with your own — the result updates as you type.

Read this before you quote

What the number does and does not cover

  • The gap between the monthly figure and the annual one is the whole point. A good month is not an annual run rate, and quoting as though it is leads to a rate that only works when nothing goes wrong.
  • A billed day is usually shorter than a worked day. If you quote eight hours but two go on calls and email, you are billing six and discounting the rest without meaning to.
  • Some clients prefer day rates because they are easier to approve. That is a good reason to publish one, and a bad reason to round it down.
  • If the annual figure is below what you need, the fix is in the rate floor, not in a longer working day.

Questions

Day Rate Calculator: questions freelancers ask

Should I discount a day rate against my hourly rate?

Only if the booking genuinely reduces your costs or risk — a long guaranteed engagement might. A one-day booking does not, and discounting it just prices your admin at zero.

Why is the month not the week times four?

Because a year has about 4.33 weeks per month, not 4. Using 4 understates your monthly figure by roughly 8%, which is a meaningful error once it compounds across a year of planning.

How do I set a half-day rate?

More than half the day rate is normal — usually 55–65%. A half day still consumes the context switch and often blocks the rest of the day from another client.

Should the annual figure include non-billable time?

No. It multiplies your rate by hours a client pays for, which is why it uses the billable figure from the billable hours calculator rather than a full-time year.