Day Rate Calculator for Contractors
Many contractors and freelancers are unsure how to calculate the rate they should be charging for their services but setting the right day rate is essential for every contractor who wants to earn a sustainable income while covering taxes, expenses, and time off.
Our Day Rate Calculator helps you take the guesswork out of pricing by showing exactly how much you need to charge per day to reach your desired annual salary. Simply download the spreadsheet, enter a few key details—like your target income, working days per year, and estimated business costs—and get an instant breakdown of your day rate.
While each industry is different this useful spreadsheet can allow you to get a rough guide of what you should charge.
Last updated: 7th August 2025