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Hourly to Flat Rate Converter

Enter hourly rate and job duration, get flat-rate price point with materials markup and profit margin. Pre-loaded with handyman benchmarks.

Industry standard: 35-50%

Target: 25-40%

Results

Labor Cost
--
Materials (w/ markup)
--
Profit
--
Flat Rate Price
--

Cost Breakdown

Labor --
Materials --
Profit --

Adjust job hours for your skill level and conditions. This is a pricing template, not a guarantee.

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How to Use This Calculator

1. Enter your hourly labor rate. This should be your fully burdened rate including wages, payroll taxes, and worker's comp. Most handymen charge $60-85/hr.

2. Estimate job duration. Be realistic about how long the job will take including setup, cleanup, and travel. Over time, you will build a library of standard job times.

3. Add materials cost and markup. Enter your wholesale cost for materials, then set your markup percentage. The industry standard is 35-50%.

4. Set your profit margin. This is the additional profit on top of your labor and material costs. A healthy margin is 25-40%.

How the Flat Rate Formula Works

Labor_Cost = Hourly_Rate x Job_Hours

Materials_With_Markup = Materials_Cost x (1 + Markup%)

Total_Cost = Labor_Cost + Materials_With_Markup

Profit = Total_Cost x Profit_Margin%

Flat_Rate_Price = Total_Cost + Profit

The flat rate gives your customer one clean number. It rewards your expertise and speed because the faster you complete the job, the higher your effective hourly rate becomes.

Frequently Asked Questions

How do I convert hourly rate to flat rate?
Multiply your hourly rate by estimated job hours, add marked-up material costs, then add your desired profit margin. Flat rates reward efficiency and eliminate customer anxiety about the clock.
Should handymen charge hourly or flat rate?
Flat rate is better for most handyman jobs because it gives customers price certainty and rewards your speed and experience. Use hourly only for open-ended diagnostic work.
What is a typical handyman markup on materials?
Most handymen mark up materials 35-50%. This covers your time purchasing, transporting, and managing inventory.
How much profit margin should a handyman make?
A healthy handyman business targets 25-40% net profit margin after all costs. On individual jobs, aim for at least 30% gross margin.

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