Work Out My Hourly Rate
Enter your real annual costs to calculate the minimum charge-out rate you need to cover expenses and hit your profit target.
Labour
Annual draw you want to pay yourself
$
No employees — enter a total below, or add individual rows
Total wages for all staff (excl. super)
$
Applied to all wages above
10%20%
Annual premium
$
Only if over your state threshold
$
Vehicle & Fuel
Annual repayments
$
$
$
$
Annual spend
$
$
Insurance
$
$
$
$
$
Tools & Equipment
Annual
$
Annual
$
Annual repayments
$
Overheads
$
$
$
Xero, ServiceM8, etc.
$
$
$
$
$
$
$
Billable Hours
Subtract holidays & sick leave
Travel, quoting, admin, breaks
0%60%
Profit Margin
On top of all costs above
0%50%
Minimum Rate
$116/hr
Break-even + 15.0% profit margin
Suggested Rate
$128/hr
Minimum + 10% buffer for contingencies
Key Metrics
Billable hours/year1,440 hrs
Total annual cost$145,150
Break-even rate$101/hr
Revenue @ minimum$167,040
Net profit @ minimum$21,890
Revenue @ suggested$184,320
Cost Breakdown
Labour & super$102,150 (70.4%)
Vehicle & fuel$20,100 (13.8%)
Insurance$5,700 (3.9%)
Tools & equipment$4,000 (2.8%)
Overheads$13,200 (9.1%)
This calculator provides a general guide only. Consult a registered accountant or tax agent for advice specific to your business.