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I use trac on the projects I manage and develop.
It has an integrated wiki and ticketing mechanism, and a lot of useful plugins that range from trac management itself, to documentation, ticketing extensions and estimation.
It provides an interface to Subversion for version control, and allows highly configurable reports by simply editing some SQL queries.
Its information is stored in an SQLite DB so you can also extend its functionality with some Perl scripting.

As for the hourly rates, that may vary a lot from place to place and from country to country. You will need to do some math in order to see if at least your wages will allow you to take some vacation, and compare your monthly wage to what you might have when working as an employee somewhere.

In reply to Re: a question on case/software engineering by olus
in thread a question on case/software engineering by user2000

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