How to calculate a cost per hour rate

Written by clayton kim
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How to calculate a cost per hour rate
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Calculating a cost per hour rate can be a great tool. It can be used to find out how much a service costs. You can also calculate a cost per hour rate for your own work. This will let you know how much you make per hour. An efficient way to calculate a cost per hour rate is to use a simple calculator.

Skill level:
Moderately Easy

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Things you need

  • Calculator
  • Database Spreadsheet

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Instructions

    Calculate a cost per hour rate

  1. 1

    Count the total number of hours of a project.

  2. 2

    Calculate the total cost of the project.

  3. 3

    Divide the total cost by the total number of hours. This calculates the cost per hour rate.

  4. 4

    Input the cost of the hourly rate into a database spreadsheet. Logging the cost per hour rate can be useful to compare the cost of services from different companies.

Tips and warnings

  • A free database spreadsheet program is offered by Open Office.

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