How to calculate freelance rates?
Firstly, your hourly rate calculation should take into account any and all monthly costs and expenses that you as a freelancer might have. This includes both private expenses (e.g. rent, food, clothes) and professional ones (e.g. office space, working materials, taxes).
According to our last freelancer survey, the average freelancer rate among IT professionals in 2022 is $105/hour. While your own rate may differ, you can use this value as a basis for your own calculation.
Later on, we’ll take a closer look at the profiles of the freelancers who answered the survey – predominantly working in SAP, consulting and management, IT infrastructure, development, engineering, graphics, content, and media.