Pay Raise Calculator
Turn a raise percentage into real money — per year, per month and per hour.
Quick answer
New salary = current salary × (1 + raise % ÷ 100). A 5% raise on 60,000 is 3,000 more a year — 63,000, or 250 more a month. To find the raise percentage between two salaries: (new − old) ÷ old × 100, so 60,000 to 66,000 is a 10% raise. Hourly rate = yearly salary ÷ (hours per week × 52).
Any currency.
New yearly salary
63,000
- Raise per year
- 3,000
- Raise per month
- 250
- Raise as a percent
- 5%
- New monthly pay
- 5,250
- Old hourly rate
- 28.85
- New hourly rate
- 30.29
Before tax. Compare your raise with inflation to see whether your pay really went up.
New salary after a raise
| Current salary | 3% | 5% | 10% |
|---|---|---|---|
| 30,000 | 30,900 | 31,500 | 33,000 |
| 45,000 | 46,350 | 47,250 | 49,500 |
| 60,000 | 61,800 | 63,000 | 66,000 |
| 75,000 | 77,250 | 78,750 | 82,500 |
| 100,000 | 103,000 | 105,000 | 110,000 |
How it works
A raise is easiest to judge in three ways: the yearly increase, the extra in each paycheck, and the change in your hourly rate. The calculator shows all three, for a raise given as a percentage or as a fixed amount, in any currency.
Compare your raise with inflation. If prices rose 3% over the year and your pay rose 3%, your real pay is unchanged; a 2% raise in that year is a pay cut in what your money can buy. A raise above inflation is a real increase.
An hourly raise adds up quickly: at 40 hours a week for 52 weeks (2,080 hours a year), every $1 an hour is $2,080 a year. A $2 raise is $4,160 a year, a $3 raise $6,240, a $4 raise $8,320 and a $5 raise $10,400 before tax. For part-time hours, multiply the raise by your weekly hours and by 52.
Raises compound over the years, because each one is applied to the higher salary. A 3% raise every year turns 50,000 into about 58,000 after 5 years and 67,200 after 10; at 5% a year it becomes about 63,800 after 5 years and 81,400 after 10. Over a career, the size of your early raises — and your starting salary — matters more than any single later raise.
Remember that a raise is taxed. In the US, see your new take-home with the paycheck calculator; in the UK, use the UK take-home pay calculator. A one-off bonus is withheld differently from a raise — see the bonus tax calculator. For general percentage questions, use the percentage calculator.
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Frequently asked questions
How do I calculate a raise percentage?
Subtract your old salary from the new one, divide by the old salary and multiply by 100. From 50,000 to 53,500 is a 7% raise.
What is a good raise?
Anything above the inflation rate is a real increase. A promotion typically brings a larger jump than an annual cost-of-living adjustment.
How much is a 3% raise per hour?
Multiply your hourly rate by 0.03. On $25 an hour that is $0.75 more, or $25.75.
How much is a $4 an hour raise per year?
$8,320 a year at 40 hours a week (2,080 hours). Each $1 an hour is worth $2,080 a year full-time.
What is a 2 percent raise on $50,000?
$1,000 more a year, so $51,000 — about $83 more a month before tax.
How do I calculate a raise over several years?
Multiply your salary by (1 + raise %) once for every year. With a 3% raise each year, 50,000 × 1.03⁵ ≈ 57,964 after 5 years.