Figuring out how a raise affects your paycheck shouldn't take a spreadsheet. Use this pay raise calculator to instantly see your new salary, the dollar increase, and the percentage bump — whether you know your raise amount or just the percentage.
Pay Raise Calculator
How to Use the Pay Raise Calculator
- Enter your current pay — either your annual salary or hourly rate.
- Select whether that's an annual salary or hourly rate.
- Choose what you already know: a raise percentage, a raise dollar amount, or your new total pay.
- Enter that value and click "Calculate Raise" to see your results.
How the Pay Raise Calculation Works
A pay raise is calculated using one simple relationship between three numbers: your current pay, your new pay, and the difference between them.
If you know your raise percentage, the formula is:
New Pay = Current Pay + (Current Pay × Raise Percentage)
If you know your raise dollar amount instead, we simply add it to your current pay to get your new pay, then calculate the percentage that dollar amount represents.
If you already know your new pay amount, we work backward to show you exactly how much of a raise (in both dollars and percentage) that represents.
Frequently Asked Questions
What's considered a good pay raise?
Typical annual merit raises range from 3% to 5% in many industries, though this varies by role, performance, location, and company budget. Promotions or market adjustments can be significantly higher.
Does this calculator account for taxes?
No — this calculator shows your gross pay increase before taxes and deductions. Your actual take-home increase will be lower depending on your tax bracket and withholdings.
Can I use this for hourly pay raises?
Yes — select "Hourly Rate" as your pay period and the calculator will show your new hourly rate and increase per hour.
How is a raise different from a bonus?
A raise is a permanent increase to your base pay going forward. A bonus is typically a one-time payment and does not change your ongoing salary or hourly rate.
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Disclaimer: This calculator provides estimates for general informational purposes only and does not account for taxes, benefits deductions, or company-specific pay policies. Always confirm exact figures with your employer or payroll department.
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