Raising your rate is one of the highest-leverage actions in freelancing. But most freelancers either never raise rates or raise them randomly. This calculator helps you find exactly how much to increase based on your new income goal.
// frequently asked questions
How often should freelancers raise their rates?
At minimum annually, to account for inflation and growing experience. Many experienced freelancers raise rates every 6 months with new clients. Use this calculator to determine what your new rate needs to be to hit your updated income goal.
How much should I raise my freelance rate?
The right increase depends on your new income goal, not on what feels comfortable. Use this calculator with your updated annual target to find your new minimum rate. The difference between old and new is your required increase.
How do I tell clients about a rate increase?
Give at least 30 days notice. Frame it as a reflection of your growing expertise and market rates. Most clients expect periodic increases. Losing one client over a rate increase is often worth it if your new rate attracts better clients.