When you're trying to figure out your hourly rate, take the following into account:
- Consider your industry.
Based on the industry you work in, research common hourly rates for the company, project, and role.
- Consider your experience.
Do an honest assessment of your experience, and determine what you feel would be a reasonable hourly rate for your experience, your abilities, and what you'd be bringing to the table.
- Determine your desired annual income.
Assuming you typically work 40 billable hours per week and take 6 weeks of vacation per year, you can calculate your desired hourly rate by multiplying:[46 weeks per year] x [40 hours per week] x [$n per hour] = [$n per year]