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Open account in a minuteFreelancer Hourly Rate Calculator
How much to charge per hour to reach your target income
Updated for 2026
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Freelancer Hourly Rate Calculator
How much to charge per hour to reach your target income.
What does the freelancer hourly rate calculator calculate?
The freelancer hourly rate calculator is an online tool that helps you determine the hourly rate you need to charge as a freelancer to reach your target net monthly income. The calculator accounts for taxes, social security contributions, non-billable hours, paid vacation, and business expenses, and shows the required hourly rate in both BGN and EUR. The calculator is useful for freelancers, consultants, and independent contractors who want to understand what rate to charge to achieve their financial goals, plan their pricing strategy, and ensure they cover all costs and taxes while maintaining desired income. It helps you make informed decisions about pricing and financial planning.
How much should you charge per hour as a freelancer?
This calculator helps you determine the hourly rate you need to charge as a freelancer to reach your target net monthly income. It accounts for taxes, contributions, non-billable hours and paid vacation. The result shows the rate in both BGN and EUR, which is useful when working with international clients.
- Enter target income: Enter your desired net monthly income in BGN.
- Set working hours: Specify working days per month and hours per day.
- Account for non-billable time: Enter percentage of time spent on marketing, administration, etc.
- Add expenses and taxes: Include business expenses, taxes, and social security contributions.
- Calculate: Click "Calculate" to see the required hourly rate in BGN and EUR.
Example with specific numbers
Example: Freelancer targeting 3,000 BGN net monthly income
- Target net income: 3,000 BGN/month
- Working days: 20 days/month
- Hours per day: 8 hours
- Non-billable time: 30% (marketing, administration)
- Billable hours: 20 × 8 × 70% = 112 hours/month
- Taxes and expenses: ~30%
- Required hourly rate: ~55 BGN/hour (or ~28 EUR/hour)
Sources and notes
The calculator uses standard freelancer rate calculation principles, accounting for taxes, social security contributions, business expenses, non-billable hours, and paid vacation. The required hourly rate is calculated to ensure you achieve your target net income after all deductions. Rates are shown in both BGN and EUR for convenience when working with international clients. For accurate calculations, consider your specific tax situation, business expenses, and industry standards. Consult with an accountant for complex tax situations.
Last updated: April 3, 2026
Data is up to date according to NRA and NOI (Bulgarian tax and social security). For official information see the sources below. Last update: 3 April 2026.
Sources:
- NRA – National Revenue Agency
- NOI – National Social Security Institute
- VAT Act – Bulgarian VAT law
- Local taxes act – Local taxes and fees
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Frequently Asked Questions
How do I calculate my freelancer hourly rate?
Enter your target net income, working hours, non-billable time percentage, and expenses. The calculator will show the required hourly rate to achieve your goals.
What are non-billable hours?
Non-billable hours are time spent on marketing, administration, learning, and other activities that you cannot charge clients for directly.
Should I charge in BGN or EUR?
The calculator shows rates in both currencies. Use EUR when working with international clients, BGN for local clients. Consider exchange rates and market standards.
How do taxes affect my rate?
As a freelancer, you pay income tax and social security. The calculator accounts for these to ensure your net income target is met after all deductions.
What if I have business expenses?
Include all business expenses (software, equipment, marketing, etc.) in the calculator. These reduce your taxable income but also increase the hourly rate needed.