Freelance Writing Rates Per Word: How Much to Charge, Worked Out
To set a freelance writing rate per word, divide the hourly rate your year needs by the words you finish per hour of all the work on a piece: research, outlining, drafting, editing, revision rounds and client calls, not drafting alone. In the illustrative example below, a writer who needs $62.50 an hour and drafts 500 words an hour finishes only 200 words per hour of total work, so the rate that pays the year is $0.3125 a word. Pricing from drafting speed says $0.125, and that gap is the whole answer to how much to charge for freelance writing. Every rate here comes from the example’s own inputs, not from what other writers charge or what clients pay.
The per-word rate formula
- Hourly floor = (income you want to keep / (1 - tax set-aside share)
- business costs) / billable hours a year
- Hours a piece takes = words / drafting speed + research + outlining and editing + revision rounds x hours each + calls and emails
- Effective words per hour = words / hours the piece takes
- Per-word rate = hourly floor / effective words per hour
Step 4 is the same as pricing every hour of the piece at your floor and dividing by its words. A per-word rate is an hourly rate in disguise; the formula just makes the hours visible.
Step 1: the hourly floor
Say you want to keep $48,000 a year, set aside 25% of profit for income and self-employment tax together (your own share, not a computed tax), and spend $2,000 a year on software, research subscriptions, equipment and insurance. You work 40 hours a week for 44 weeks, and 40% of those hours are pitching, prospecting, invoicing and your own site, which no client pays for.
| Step | Amount |
|---|---|
| Income to keep (illustrative) | $48,000 |
| Profit before a 25% tax set-aside: $48,000 / (1 - 25%) | $64,000 |
| Plus business costs | $2,000 |
| Revenue needed a year | $66,000 |
| Billable hours: 40 hours x 44 weeks x (1 - 40%) | 1,056 |
| Hourly floor rate | $62.50 |
Spread over every working hour, the same revenue would look like $37.50 an hour. The unpaid pitching is why it is $62.50. The freelance hourly rate calculator goes through each piece of that gap on its own.
Step 2: from an hourly floor to a rate per word
Take an illustrative 1,500-word article. You draft 500 words an hour. Here is everything the piece takes:
| Work on a 1,500-word piece | Hours |
|---|---|
| Drafting: 1,500 words / 500 words an hour | 3 |
| Research and interviews | 1.5 |
| Outlining and self-editing | 1 |
| Revisions: 2 rounds x 0.75 hours | 1.5 |
| Briefing calls and emails | 0.5 |
| All the work | 7.5 |
1,500 words over 7.5 hours is 200 words per hour of work.
Per-word rate = $62.50 / 200 = $0.3125 a word, or $468.75 for the piece. Drafting is only 40% of the hours. Priced from drafting speed alone, $62.50 / 500 = $0.125 a word: the same writer, the same year, and a rate 2.5 times too low. If you time yourself, time the whole piece from brief to approved draft, not the typing.
Per word, per hour or per project?
The same piece, the same 7.5 hours, priced three ways. The $0.20 a word and $400 flat fee are illustrative offers, not market figures.
| Priced | The piece pays | Per hour of your time |
|---|---|---|
| $0.20 a word x 1,500 words | $300.00 | $40.00 |
| Flat project fee | $400.00 | $53.33 |
| 7.5 hours at the $62.50 floor | $468.75 | $62.50 |
At $0.20 a word this piece pays well under the floor for the time it takes. To earn $62.50 an hour at $0.20 a word you would need to finish 312.5 words per hour of all the work, against the 200 this piece actually took. The flat fee works out to $0.2667 a word. A per-word rate and a flat fee both stay the same when the job runs long; an hourly rate grows with it, if the client accepts hourly billing. Which way to quote is a judgment about how predictable the job is, but the comparison above is the way to check it.
The insight: revisions and admin are where the rate leaks
The per-word rate above already includes 2 revision rounds of 0.75 hours each. Now the client asks for 2 more, and you charge $40 a round. Those rounds take $13.75 more of your time than the $40 pays for, and the job drops to $60.97 an hour. If the extra rounds were free it would drop to $52.08. The fee per extra round that holds your floor is $46.88: 0.75 hours at $62.50. Writing the number of included rounds into the contract, and the price of each extra one, is what keeps the per-word rate true.
The clearest way to see the leak is to look back at a finished job. Say a 1,500-word piece paid $400, and you tracked every hour on it, including the invoice and chasing payment:
| Tracked on the job | Hours |
|---|---|
| Research and interviews | 2 |
| Drafting | 3.5 |
| Self-editing | 1 |
| Revisions | 2 |
| Calls and emails | 1 |
| Invoicing and chasing payment | 0.5 |
| Total | 10 |
After a 2.9% payment processing fee the job paid $388.40, which is $38.84 an hour against a $62.50 floor, $236.60 short over the whole job, and $0.2589 a word. The quote that would have met the floor for those 10 hours is $643.67. Running that check on every job for a month, using tracked hours rather than remembered ones, gives you the real words-per-hour figure to set next month’s per-word rate from.
How these were calculated
The hourly floor is (income to keep / (1 - tax set-aside share) + business costs) / (hours a week x weeks x (1 - unpaid share)). Hours a piece takes are words / drafting speed plus research, editing, revision rounds x hours each and calls. The per-word rate is the floor / (words / hours). The effective hourly rate on a job is fee x (1 - processing fee) / tracked hours; the quote that meets the floor is floor x hours / (1 - processing fee). Extra revision rounds are priced at hours per round x floor.
Every figure on this page was computed twice, once by the code behind the calculator pack below and once by a separate implementation written from the formulas, and the two agree to the cent. The income, tax share, costs, hours, speeds, word counts, offers and fees are illustrative, not market rates or typical figures for any writer. No official figures are used, and the tax set-aside is a share you choose, not a computed tax. None of this is financial, legal or tax advice.
If you want to run this on your own year and your own speed, with the hourly floor, the per-word rate, per word against per hour and per project, revision rounds, a monthly retainer, a rush fee and an effective-hourly check on finished jobs, the pack below does it in linked spreadsheets with every formula visible.