Online Earning Calculators
Essential financial tools for freelancers and remote workers. Calculate your freelance rate, convert between hourly, monthly, and yearly salaries.
Freelancing Income Calculator
Calculate your minimum freelance hourly rate based on your desired income, business expenses, and working hours[citation:4].
Freelance Rate Results
Hourly Rate = (Desired Income / (1 – Tax Rate)) + Annual Expenses) / (Weeks × Billable Hours Per Week)
Freelancing Insights
Your freelance rate needs to account for more than just your desired salary. Remember to factor in:
- Business expenses like software, equipment, and marketing[citation:4]
- Non-billable time spent on admin, client acquisition, and invoicing
- Vacation, sick days, and holidays (unlike traditional employment)
- Lack of employer benefits like health insurance and retirement contributions
As you gain experience and skills, you should regularly reassess and increase your rates[citation:4].
Hourly to Monthly Salary Calculator
Convert your hourly wage to monthly and annual salary equivalents[citation:8].
Salary Conversion Results
Annual Salary = Hourly Wage × Hours Per Week × Weeks Per Year
Monthly Salary = Annual Salary ÷ 12
Understanding Your Conversion
When comparing hourly wages to salaried positions, consider these important differences:
- Salaried employees typically don’t receive overtime pay, even if they work more than 40 hours/week[citation:2]
- Hourly employees are often eligible for overtime pay (1.5x rate after 40 hours in the US)[citation:2]
- Benefits packages (health insurance, retirement plans, paid time off) can add 20-40% to total compensation
- Job stability and predictable income are advantages of salaried positions
Monthly to Yearly Salary Calculator
Convert monthly income to yearly salary and calculate equivalent hourly rates[citation:10].
Yearly Salary Results
Yearly Salary = Monthly Salary × 12
Hourly Rate = (Monthly Salary × 12) ÷ (Hours Per Week × 52)
Salary Comparison Tips
When evaluating job offers or planning your income needs:
- Cost of living varies dramatically by location – a $60k salary goes much further in some areas than others
- Benefits value should be included in total compensation (health insurance can be worth $6,000-$20,000/year)
- Tax implications differ for salaried vs. freelance income (self-employment tax is approximately 15.3%)
- Growth potential and career advancement opportunities matter for long-term earning potential
Use these calculations as a starting point for financial planning and negotiation.