💵 Pay Raise Calculator
See your new salary or hourly wage after a raise – or the percentage raise you’ve been offered.
Quick answer: New pay = current pay × (1 + raise ÷ 100). For example, a 5% raise on a $60,000 salary takes you to $63,000.00 – an extra $3,000.00 a year, or $250.00 a month before tax.
Updated · Free · No sign-up · Works on any device
Pay Raise Calculator inputs
Result
New pay per year
$63,000.00
+$3,000.00 (5%)
| Current pay per year | $60,000.00 |
| Change | +$3,000.00 |
| New pay per year | $63,000.00 |
Your raise by pay period
| Period | Before | After | Difference |
|---|---|---|---|
| Year | $60,000.00 | $63,000.00 | $3,000.00 |
| Month | $5,000.00 | $5,250.00 | $250.00 |
| Two weeks | $2,307.69 | $2,423.08 | $115.38 |
| Week | $1,153.85 | $1,211.54 | $57.69 |
| Hour (40 h/week) | $28.85 | $30.29 | $1.44 |
Gross (pre-tax) figures.
How to calculate a pay raise
A raise is normally quoted as a percentage of your current pay. Multiply your pay by one plus the percentage to find the new figure, or work backwards from a new offer to see what percentage it represents.
New pay = Current pay × (1 + Raise ÷ 100) · Raise % = (New pay − Current pay) ÷ Current pay × 100
Example: a 5% raise on $60,000 → $63,000.00, an increase of $3,000.00 a year, $250.00 a month or about $57.69 a week before tax.
Converting hourly and annual pay
Annual pay = Hourly wage × Hours per week × 52
At 40 hours a week a year has 2,080 paid hours, so $63,000 is about $30.29 an hour. Adjust the hours under “Working hours” if you work part-time or a longer week.
Raise benchmarks
| Situation | Typical increase |
|---|---|
| Cost-of-living adjustment | 2–4% |
| Annual merit raise | 3–5% |
| Promotion | 10–15% |
| Changing employer | 10–20% |
Negotiating tips
- Research market pay for your role and location before the conversation.
- Bring evidence: results delivered, responsibilities added, skills gained.
- Think in percentages – it keeps comparisons fair across different salaries.
- Consider the whole package: bonus, pension match, extra leave and flexible working have real value.
- Check the raise against inflation to see whether your buying power is actually growing.
Remember that the figures above are gross. Income tax, social security and retirement contributions come out of the extra pay too, so your take-home increase will be smaller than the headline number.
Estimates for educational purposes, not financial or tax advice.
Frequently asked questions
How do I calculate the percentage of a raise?
Subtract your old pay from your new pay, divide by the old pay and multiply by 100. Going from $22 to $23.50 an hour is a 1.50 ÷ 22 = 6.82% raise. Choose “New pay amount” above to calculate it.
What is a typical annual raise?
US employers have budgeted average merit increases of roughly 3–4% in recent years. Promotions typically bring 10–15%, and changing employers often brings more.
Does a raise keep up with inflation?
Only if it is larger than the inflation rate. A 3% raise when prices rise 4% is a 1% real pay cut. Your real raise ≈ raise % − inflation %.
Will a raise push me into a higher tax bracket?
Possibly, but only the income above the bracket threshold is taxed at the higher rate, so a raise never reduces your take-home pay overall in a progressive income-tax system.