Recently we made one analysis of freelance Excel work hourly rate based on statistical data on websites freelancer.com and upwork.com. We made a straightforward data Table and tried to see how freelancers usually charge their work on freelance websites.
In the last article, we described how to calculate percentile in Excel. In this one, we will write about how to charge freelancers for work in Excel.
Freelance Excel work hourly rate ranges from $5 to $50 on major freelance websites. Excel work hourly rate depends on Excel job type, industry, and country of investor and freelancer.
Excel job type can be related to data and data entry, features engineering, data preprocessing, and in that case, freelance Excel work hourly rate is from $5 till $25. On the other hand, if you have VBA programming, coding, and macro creating, freelance Excel work hourly rate is from $10 to $50.
The industry has an impact on a freelance hourly rate. For example, the banking and machine learning industries have hourly rates from $20 to $50. Therefore, employers from this industry usually pay higher rates.
Freelancers from the USA, Canada, Australia, Japan, West Europe have higher hourly rates (even 50% to 200%) because of a higher standard of living in their countries. This is usually the opportunity for other freelancers to offer lower rates. However, employers from more prosperous countries have just 15% higher rates when comparing employers from the poorest countries.
Major freelance websites have more than 80% of all active freelancers from the “poorest countries” because richer countries’ freelancers avoid low rate competitions.
Here are major stats:
|What affects the hourly rate?||Freelance Excel Hourly Rate|
|Freelance Excel hourly rate||$5-$50|
|Average rate (all data)||$15|
|Average rate data prepossessing||$10|
|Average rate data entry||$7|
|Average rate VBA programming||$15|
|Average rate 3D Formulas Excel||$16|
|Average Excel Analyst Jobs||$25|