Ask HN: Moving from fulltime to contractor, need help figuring through rates.

Re:Ask HN: Moving from fulltime to contractor, need help fig... by mrbrandonking on Thursday April 14, 2011 @12:57PM (#2447545)

An old freelancer's rule-of-thumb for calculating hourly rates is to take your desired salary and divide by 1000. So, a freelancer would need to bill at roughly $70/hour to make the equivalent of $70,000 in a year.

This rule-of-thumb is fairly accurate, considering time spent on non-billable tasks as well as overhead and taxes.

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Re:Ask HN: Moving from fulltime to contractor, need help fig... by ra on Thursday April 14, 2011 @08:04PM (#2448964)

I contracted for about 12 years in all throughout my career, and this rule of thumb is also consistent with my experience as a contrator.

you mention freelancing however, I think the rate needs to be a bit higher for freelancing to take into account all the non-billable time.

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