
Written by Robin Reed
How much to charge for your editing services is a question both new and experienced freelancers wrestle with. There is no easy or one-size-fits-all answer, as a variety of personal factors come into play. The particular editing service you offer, your level of skill and experience, the complexity of a particular project, the amount of money you need to bring in to meet your expenses—all these and more will influence your pricing. Some general principles may be helpful in making these decisions.
First, consider what type of pricing structure—hourly, per word, or per project—will best fit your business.
Hourly
An hourly rate has the advantage of ensuring you get paid for the work you actually do. For example, if a particular edit turns out to be more complex than anticipated, you’ll still earn your desired rate for the extra hours required. One downside of an hourly rate is that, in a sense, it can punish you for efficiency. As your editing speed increases over time, whether through improved skills or the use of time-saving tools such as macros, you’ll need to book more projects to earn the same amount of money. Unless, of course, you increase your hourly rate.
Per Word
Charging a per-word fee has the advantage of letting clients know up front exactly what their edit will cost, which many find reassuring. In addition, you benefit directly from any increased efficiency. However, relying on per-word pricing carries the danger of getting paid less than you intended for an unexpectedly complex or time-consuming edit. You’ll also want to ensure that you’ve set clear boundaries to prevent scope creep—which, ideally, all of us should be doing anyway.
Per Project
An advantage of per-project pricing is that it allows you to more easily account for a project’s complexity than per-word pricing does. The downside, however, is that per-project pricing can feel arbitrary to potential clients, while hourly and per-word pricing seem more objective.
Other Factors to Consider
Once you’ve decided which pricing style to use, how do you then go about setting an actual price? Editing rate charts, such as those published by the PEN and the EFA, can be a helpful starting point to give you a sense of what some editors are charging. But they are only a range of averages, which doesn’t tell you what you should charge. You’ll also want to consider the type and complexity of the work you’re doing. For example, academic and technical editors often charge more than fiction editors, and developmental editing typically carries a higher price tag than proofreading.
You’ll also want to factor in your education and experience. A brand-new editor should probably charge a lower rate (while still being fairly compensated for their time!) than one with twenty years of experience at a major publisher. Over time, as your skill level and experience increase, you may decide to raise your rates accordingly.
Know Your Target
One important but often overlooked consideration in setting a freelance editing rate is your personal financial situation. In other words, how much money do you need to meet your expenses? This will help you determine your target hourly rate (THR).[1]
- The first step in calculating your THR is to determine your target annual gross income (AGI). When thinking about your AGI, make sure to include the hidden costs that often accompany freelancing. Taxes (including self-employment tax) are an obvious consideration, but don’t forget to factor in things like retirement savings, health insurance, and a cushion to cover vacation time and sick days.
- Once you’ve determined your target AGI, the next step is to calculate the hourly rate you need to earn to hit that target. Here’s an example (with numbers chosen simply to make the math easy).
If your annual target income is $50,000:
$50,000 / 50 (allowing for 2 weeks of vacation time) = $1,000 per week
$1,000 / 40 (or however many hours you work in a week) = $25 per hour
- Now you need to factor in how many of your work hours are billable. In other words, how many hours in your workweek are actually spent editing? For example, if you have 20 billable (editing) hours in a 40-hour workweek, then each of those billable hours needs to bring in $50 to meet your overall goal of earning $25 per hour.
Bridging the Gap
Now that you know your THR, it’s time to find out what hourly rate you are currently earning. If you aren’t already tracking the time you spend editing and you don’t charge an hourly rate, try tracking your editing time for a month or two. The first time I did this, the results were eye-opening.
If your hourly rate is on target, great! Keep up the good work. If there’s a gap between your target and actual hourly rates, then it’s time to strategize ways to bridge it. Raising your rates, if you feel it’s appropriate, is an obvious place to start. You may also want to brainstorm additional ways to generate income. Honestly facing your financial situation might be difficult, but acknowledging that a problem exists is the first step to solving it.
Regardless of whether any gap exists, knowing exactly how you price projects and why you charge what you do can give you confidence that you’re treating clients fairly by not charging arbitrary rates and also treating yourself fairly by ensuring you’re appropriately compensated for your work. The answer to the question “How much should I charge?” may vary widely from editor to editor, but doing the math will help you find the right answer for your business.
[1] For the concept of determining a target hourly rate, I am indebted to Richard Adin’s An American Editor blog. For an in-depth discussion of this topic, see the series that begins at https://americaneditor.wordpress.com/2013/08/05/business-of-editing-what-to-charge-part-i/.

Robin discovered her dream career of book editing in 2019, after earning a master’s degree in American history and spending nearly two decades homeschooling her four children. She took a number of courses through the PEN Institute and eventually became a PEN Gold member. Since then, she’s worked with dozens of self-publishing authors in addition to freelancing for two major traditional publishing houses. When she’s not at her desk, she can be found on one of Southern Oregon’s many gorgeous hiking trails or at the local ballroom dance floor with her husband (the foxtrot is their favorite).






















