JobMargin

Free contractor tool

Labor Burden Calculator

Your hourly rate is not your true labor cost. Add the costs behind your work to see what each billable hour really needs to earn.

Your work and wage

$/hr

Typical full-time year: 2,000 hours.

Employment burden

%

FICA is 7.65% for most employees.

%

Monthly overhead

Enter what these costs average each month.

$/mo
$/mo
$/mo
$/mo
%

Quoting, driving, admin, and other time you cannot invoice. Typical: 20%.

Where your $51.62/hr true hourly rate goes

Annual costs spread across your 1,600 billable hours.

Base wages$37.50/hr ($60,000/yr)
Payroll taxes$2.87/hr ($4,590/yr)
Workers comp$0.75/hr ($1,200/yr)
General liability$1.13/hr ($1,800/yr)
Health & benefits$3.75/hr ($6,000/yr)
Vehicle / truck$4.50/hr ($7,200/yr)
Tools & equipment$1.13/hr ($1,800/yr)
Total true cost$51.62/hr

Stop guessing what you really make

JobMargin tracks your real costs automatically on every job. Start your free trial.

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Also try: Contractor Profit Calculator·Change Order Generator·Service Call Pricing