How Much Per Hour to Make $110,000 a Year?
Working full time, you need about $52.88 an hour to earn $110,000 a year before tax.
$110,000 a year: hourly rate by schedule
| Schedule | Hourly rate needed |
|---|---|
| 40 hours a week, 52 weeks | $52.88 |
| 35 hours a week, 52 weeks | $60.44 |
| 30 hours a week, 52 weeks | $70.51 |
| 20 hours a week, 52 weeks | $105.77 |
Gross pay before tax.
$110,000 a year as an employee
A single filer earning $110,000 takes home about $86,215 a year ($7,185 a month) in a state with no income tax, after federal tax, Social Security and Medicare. State income tax would lower this.
$110,000 a year as a freelancer
If you want $110,000 to keep after tax, the numbers change. With a 25% tax rate, $3,000 in business expenses and 25 billable hours a week for 46 weeks, you would need to charge about $130.14 an hour and bring in about $149,667 a year in revenue.
Change the inputs below to match your situation.
Billable hours are only the hours you can charge for. Most freelancers bill 20-30 hours a week because the rest goes to finding clients and admin. The 25% tax rate is a placeholder. In the US, self-employed people pay both halves of Social Security and Medicare tax, so check your own figure.
| Item | Amount |
|---|---|
| Day rate (8 hours) | |
| Weekly billing | |
| Monthly revenue needed | |
| Yearly revenue needed | |
| Billable hours per year |
Other income goals
Frequently asked questions
How do I set my freelance hourly rate?
Start with the take-home income you want, add taxes and business expenses to get the revenue you need, then divide by the hours you can realistically bill in a year.
Why should a freelancer charge more than an employee's hourly wage?
Freelancers pay their own taxes, health insurance and software, get no paid time off, and cannot bill every hour they work. Many freelancers charge noticeably more than the hourly equivalent of an employee salary to cover this.
How many billable hours should I plan for?
Many freelancers plan for 20 to 30 billable hours a week. The rest is used for marketing, admin and finding new clients. Use the number that matches your own work.
Estimates only. Not tax or financial advice.