Switching from full-time employment to freelancing is exciting, but pricing your services is one of the hardest parts. Charge too little, and you lose money; charge too much, and you lose clients.
Here is the exact math to determine your developer rates.
1. The Day Rate Formula
Your day rate should not just be your annual salary divided by working days. You need to account for non-billable hours, taxes, software, and vacation.
A standard calculation model:
$$\text{Day Rate} = \frac{\text{Target Annual Income} + \text{Business Overhead}}{\text{Billable Days per Year}} \times 1.3 \text{ (for taxes/savings)}$$
If you want to simulate this dynamically:
👉 Use the Freelance Day Rate Calculator on Global Info Wiki to calculate your ideal day rate.
2. Hourly Rate vs. Annual Salary
Many clients prefer hourly pricing. To see how your hourly rate compares to a standard corporate annual salary:
👉 Try the Hourly Rate to Annual Salary Calculator on Global Info Wiki to easily convert and compare rates.
Use these calculators to price your services confidently and grow your freelance business!
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