How do I calculate my contractor day rate?

Day rate = (Annual income target + overhead) ÷ billable days. If you want to earn $100,000 over 220 days, your day rate should be approximately $455 per day.

Contractor Day Rate Calculator

Convert an annual target into a contractor day rate.

This tool runs in your browser. None of your data is saved or sold.

Annual income target ($)

Billable days per year (days)

Overhead / expenses ($)

VAT / tax rate (%)

About This Calculator

Day rates are the standard pricing model for independent contractors, especially in tech and consulting. This calculator derives your required day rate from an annual income target plus overhead, divided by your actual billable days.

Estimates only — not financial, tax, legal, or investment advice. Verify important results with a qualified professional before making decisions.

day rate = (annual income + overhead) ÷ billable days; hourly = day rate ÷ 8