Free Calculator
Service Pricing Calculator
Determine the right price for your services based on hourly rate, materials, overhead costs, and desired profit margin. Stop undercharging for your work.
Calculate Your Service Price
What you pay your tech (or value your own time at)
Average time to complete this type of job
Average cost of parts and materials per job
Insurance, vehicle, tools, software (typically 20-35%)
Target margin (40-60% is healthy for service businesses)
Total Cost
$262.50
Recommended Price
$437.50
Profit Per Job
$175.00
Actual Margin
40.0%
Cost breakdown: Labor $90.00 + Materials $150.00 + Overhead $22.50 = $262.50 total cost. To achieve a 40% margin, charge $437.50.
How to Use This Calculator
Hourly rate: If you employ technicians, use their loaded hourly rate. If you are a solo operator, use what your time is worth -- not what you pay yourself, but what you would have to pay someone to do the work.
Overhead percentage: This covers your ongoing business costs that are not directly tied to a single job: insurance, truck payment, fuel, tools, software subscriptions, office costs. Most service businesses have 20-35% overhead.
Desired margin: This is your target profit as a percentage of the final price. 40% is a common minimum for sustainable service businesses. Under 30% and you are leaving yourself no room for slow months or unexpected costs.
Service Pricing Tips
- 1.
Never compete on price alone. Compete on response time, quality, and professionalism. GetTimePad helps you respond faster and look more professional.
- 2.
Flat-rate pricing beats hourly billing for most residential services. Customers prefer knowing the total cost upfront.
- 3.
Build a price book with your top 50 services and review it quarterly. Consistent pricing builds trust and speeds up quoting.
- 4.
Charge more for emergency and after-hours calls. A 1.5x-2x multiplier is standard and expected by customers.
- 5.
Factor in your drive time. A 1-hour job that takes 45 minutes to reach costs you nearly as much as a 2-hour job across the street.
GetTimePad tracks all this automatically.
Real-time profitability tracking, automated invoicing, and business insights -- all built into your field service workflow.
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