Free tool from the Handyman Journey
Hourly Rate Audit Calculator
Find out what you should be charging, then check what you actually made last month. No sign-up needed.
1
What should you be charging?
Your costs and your pay decide your rate. Not the guy down the street.
Total yearly cost
—
Expenses + your pay + 33.3% "fringe" on your pay (taxes, health insurance, retirement)
Break-even rate
—
The bare minimum. Covers everything, zero profit.
Your target rate
—
30% profit margin. This is what you should charge.
Must-know
Markup vs. margin: why "add 30%" is not 30% profit
Markup is a percentage added on top of your cost. Margin is the percentage of the final price that you actually keep as profit. They sound the same, but they're not.
30% markup
Cost × 1.30
$130.00
You keep $30.00/hr = 23% profit
30% margin
Cost ÷ 0.70
$142.86
You keep $42.86/hr = 30% profit
Your cost (break-even)Profit
Example uses a $100/hr break-even. Over 1,600 billable hours, that difference is about $20,500 a year. Fill in Step 1 to see it with your numbers.
2
What did you actually make last month?
Grab last month's numbers and see how you really did.
Your actual hourly rate
—
(Revenue − materials) ÷ hours worked
Your target rate
—
From Step 1
Fill in Steps 1 and 2 to see how you're doing.
Know your number. Now charge it with confidence.
Raising your rate is scary. You don't have to figure it out alone. We'll help you price, sell, and build a business that pays you what you're worth.