General Business · Business · Calculator
Hourly Rate Calculator
Convert an annual income goal into an hourly rate based on billable hours and working weeks.
How to use this Hourly Rate Calculator
Convert an annual income goal into an hourly rate based on billable hours and working weeks. Enter your numbers above and Okomit calculates the result instantly.
Hourly Rate Calculator formula
Hourly Rate = Annual Income Goal ÷ Annual Billable Hours
Example
An $80,000 income goal spread across 30 billable hours per week for 48 weeks requires about $55.56 per billable hour.
How to use the result
If your rate must also cover taxes, overhead, unpaid work, or benefits, use the freelance rate calculator for a fuller estimate.
Frequently asked questions
Is this calculator free?
Yes. This Okomit calculator is available as a free tool.
Does Okomit save the numbers I enter?
Guest calculations remain in the browser unless you choose a feature that explicitly saves work. Logged-in Okomit features may support saved scenarios where available.
Can I use this for business planning?
Yes, as a planning aid. Review important business, tax, legal, lending, or accounting decisions with the appropriate professional when needed.