How much does hiring a freelancer cost?
How much should a freelancer cost? Well, if you’ve not hired many freelancers before, knowing how much they should cost is a tricky business. A freelancer’s rates will vary from as little as $5 per hour all the way up to $1,000 per hour. We’ve helped thousands of companies hire freelancers through Twine, so we decided to give you the typical rates people charge, so you don’t get screwed over.
What factors are most important to you when hiring a freelancer?
Some of you will have heard of the quality, cost and time triangle. It’s often called the project management triangle or the triple constraint. Simply, you can have two of quality, cost and time, but never all three.
When you’re looking at affecting cost of hiring a freelancer, the speed that the work is done and the experience level of the freelancer (their quality) are going to be the variables.
Quality levels of freelancers
Generally speaking, if you want a higher quality output, you will want a more experienced freelancer. This can be broken down to three levels:
- Junior – This is usually less than 3 years of experience in their sector.
- Mid-level – Between 3 to 7 years of experience.
- Senior / expert – Freelancers that have more than 7 years of experience.
Other factors that affect freelancer cost
In high demand metropolitan areas, where there is a high cost of living, you can expect a 50% addition to these price ranges. Especially if you need your freelancer in-house. Here are some examples of high-demand areas:
- New York
- Los Angeles
- San Francisco
Equally, if you are flexible to working with remote freelancers on projects, you might be able to get a 25% reduction in price ranges.
What are the typical rates for freelancers?
Using the data from our network of 250,000 freelancers and thousands of jobs that have been posted on Twine, we’ve analyzed the price trends for all the creative, digital and marketing freelance roles.
This is not a definitive list, but here are the ranges you would expect a for a day of work (7-8 hours):
Price ranges in GBP:
If you have any comments or disagree with price ranges, we would love to get your thoughts. How much does hiring a freelancer cost?