How to Price Your Crochet Project with a Calculator [Formula Included]

How to Calculate the Price of a Crochet Project

Don’t let pricing tie your brain in knots! Figuring out how much to charge for your crochet projects can be tricky, but I’ve got a simple formula to help you out. Follow these steps, and you’ll have a fair price that covers your costs and gives you profit!

Step 1: Calculate Your Material Costs

Figure out how much material you used. To do that you'll need to calculate the cost per gram of your yarn. Or in the case of items like safety eyes and buttons, you'll need the cost per eye/button.

For my example I'm going to price a Little Potato Pal. As of writing this pattern is unreleased.

Materials

I used Sweet Snuggles Lite for this project, which costs $11.99 CAD for a 250g skein. To figure out the cost per gram, I just divided the price (11.99) by the weight (250), which gave me about $0.048 per gram. Since I only used 48g for my project, I multiplied 48 by $0.048, and voilà—the yarn cost came to just $2.40!​

NOTE: After I made the body I weighed it before I stuffed it or added the eyes.

Little Potato Pal also has safety eyes so I added in that cost too. A full package of 10mm safety eyes cost 13.49 and there are 160 eyes per package. I divide the cost 13.49 by 160 and I discovered the cost per eye was approximately $0.084. I used two eyes so the full cost of the eyes was approximately $0.17.

Finally we add the cost of the stuffing. How do we do that, you ask? Finish stuffing your toy and weigh it again. In my case it was 33g. If I subtract the weight of the empty body I'm left with 14g which is the approximate weight of the polyfil.

Phew... our total material cost is now: $1.26

Tip: Want to skip the math? Use the free version of my crochet pricing calculator to easily add up your material costs!

Step 2: Factor in Your Time

Your time is valuable. Don't leave it out of the equation.

Hourly Wage

First, decide on your hourly wage. This is totally up to you, but a good starting point is your region's minimum wage. For this example, I’m going with $25.

Next, time yourself making the item from start to finish. In this case, it took me 34 minutes. Now, let’s figure out what percentage of an hour that is.

34 minutes is 56.67% of an hour. To convert that into a decimal, just multiply 56.67% by 0.01, which gives us 0.5667.

Finally, multiply that decimal by your hourly wage: 0.5667 x $25 = $9.16.

Step 3: Don’t Forget Overhead

Overhead covers extra costs like your hooks, workspace, and packaging materials. Even though they’re small expenses, they add up over time. For this project, I'm adding $0.26 for an Etsy fee and $0.10 for Square fees.

I'll add another $.36 to the total which brings us to $9.52.

Step 4: Add Your Profit Margin

Finally, add a profit margin so you can make some money on top of your costs. A good range for a crochet project is 10-25%.

For the Little Potato Pal, let’s start with the total costs. We have $1.26 for materials, $9.16 for time, and $0.36 for overhead, which brings the total to $10.78. Now, to add profit, we’ll use a 25% margin. So, 25% of $10.78 is about $2.70. That means your total price would be $13.48 with profit included!

So, you would make a profit of $2.70 for each sale of the Little Potato Pal.

Final Price Calculation

Add your material cost and your hourly wage total together. Add your overhead and your profit amount. This is your final price for the baby blanket.

"Start by adding your material cost of $1.26 and your time cost of $9.16 together. Then, include your overhead of $0.36 and your profit amount of $2.70. This will give you the final price for the Little Potato Pal.

Add it All Up

• Materials: $1.26

• Time: $9.16

• Overhead: $0.36

• Profit: $2.70

  
  

When we add everything together, we get:

1.26+9.16+0.36+2.70=13.481.26 + 9.16 + 0.36 + 2.70 = 13.481.26+9.16+0.36+2.70=13.48

So, your final price for the Little Potato Pal is $13.48. I might round that up to $14 for a clean number.

"Do you think the final price of $13.48 for the Little Potato Pal is fair? I’d love to hear your thoughts!"

Want More Help? Upgrade to the Full-Powered Calculator!

If this still feels overwhelming, don’t worry! My Crochet Pricing Calculator does all the hard work for you. It includes a materials log, cost tracking, and automatic price calculations. Just plug in your numbers and let it do the rest!

Ready to price like a pro? Upgrade to the full-powered Crochet Pricing Calculator today!

Take the Guesswork Out of Pricing

With this simple formula (and my handy calculator), you can confidently price your crochet projects and make sure you’re covering your costs—and making a profit!