See required contractor hourly rate and review revenue target and total cost base using values you enter.
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Contractor Hourly Rate Calculator for United States
USD · 12,345.67US customary measurementsRoad distance: miles
United States planning scenario. Amounts, prices and rates are editable examples. No verified local tax bands, exemptions, benefits or lender rules are applied. Currency amounts are not exchanged.
Switch countries to open a separate scenario. Your edits are kept while this calculator is open; use Save scenario to keep them on this device.
Your details
USD
Example only. Enter the amount or rate applicable to your situation in United States.
USD
Example only. Enter the amount or rate applicable to your situation in United States.
USD
Example only. Enter the amount or rate applicable to your situation in United States.
%
Example only. Enter the amount or rate applicable to your situation in United States.
Required contractor hourly rate
$86.27
Amounts in USD · United States · editable planning estimate
Revenue target$129,411.76
Total cost base$110,000.00
Target margin15%
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How this result was calculated
Required revenue = (salary equivalent + benefits + overhead) / (1 − target profit margin / 100). Divide by annual billable hours to get the hourly rate.
Country setup: United States. Displayed measurements are converted to the formula's base units internally.
Assumption: Uses the entered amounts and the units shown. Sample prices, rates and allowances are editable examples, not local quotes or verified tax rules. United States planning scenario. Amounts, prices and rates are editable examples. No verified local tax bands, exemptions, benefits or lender rules are applied. Currency amounts are not exchanged.
Calculation version 1.0.0 · Support state: generic
Formula and method
Required revenue = (salary equivalent + benefits + overhead) / (1 − target profit margin / 100). Divide by annual billable hours to get the hourly rate.
This calculation uses the values you enter. It runs in your browser and does not request a location or account.
Worked example
With the sample inputs shown, required contractor hourly rate is 86.27 in the selected currency. Change the inputs to model your own case.
Questions people ask
How does the contractor hourly rate calculator work?
Required revenue = (salary equivalent + benefits + overhead) / (1 − target profit margin / 100). Divide by annual billable hours to get the hourly rate.
Does this use live local rates or rules?
Uses the entered amounts and the units shown. Sample prices, rates and allowances are editable examples, not local quotes or verified tax rules.