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Woodworking Shop Rate Calculator

Estimate the hourly rate needed to cover annual shop overhead and target owner compensation.

Prefilled values are examples. Replace them with measurements and current costs for your project.

Inputs

Annual costs and billable hours

Range: at least 0 USD

Enter annual shop costs to recover through the hourly rate. Do not include costs already charged directly to a project.

Range: at least 0 USD

Enter the annual compensation amount this rate should recover; this is not a tax or take-home-pay calculation.

Range: at least 1

Use hours actually expected to be charged to customer projects, not total hours worked.

Result

Annual amount to recover
$60,000.00
Required shop rate
$50.00 / billable hour

Formula

Annual amount to recover
—
Required shop rate
—

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Results are planning aids based on the inputs and assumptions shown. Verify dimensions, stock sizes, hardware clearances, kerf, and current prices against your project before cutting or quoting.