Pay Raise Calculator

Calculate a new salary after a raise and compare annual, monthly and hourly increases.

Your new pay will appear here.

About the Pay Raise Calculator

A percentage raise sounds simple, but the cash increase depends on the starting pay and the period being compared. This calculator shows the new salary or wage after a percentage or fixed increase and can also work backward from old and new pay.

A raise percentage describes gross pay, not necessarily the change in take-home pay. Taxes, benefit deductions, retirement contributions and changes in hours can make the amount reaching your bank account move by a different percentage.

How to Use the Pay Raise Calculator

  1. Enter your current salary, hourly wage or other pay amount.
  2. Choose whether the raise is a percentage increase or a fixed amount, then enter the raise.
  3. Calculate the new pay and the absolute difference from the old amount.
  4. If you are comparing job offers, convert both to the same pay period before judging which increase is larger.

How the Calculation Works

For a percentage raise r, new pay = current pay × (1 + r/100). The raise amount = current pay × r/100.

When old and new pay are known, raise percentage = (new − old) ÷ old × 100. A fixed raise is added directly after the amounts have been placed on the same pay-period basis.

Worked example

Pay Raise Calculator Worked Example

5% raise on $50,000

Raise amount = $50,000 × 0.05 = $2,500. New annual pay = $50,000 + $2,500 = $52,500. The gross increase is therefore $2,500 per year before tax and deduction changes.

Result guide

Understanding Your Pay Raise Calculator Result

A larger percentage raise is not always the larger cash increase if the starting salaries differ. Compare both the percentage and the actual currency amount when evaluating compensation changes.

Before you rely on the answer

Assumptions and Limitations

  • Old and new pay amounts use the same period and currency.
  • The raise applies to base pay rather than bonuses or benefits unless stated.
  • Take-home pay effects are not calculated from the gross raise alone.

Practical tip

Using This Result in Practice

For an hourly job, check whether weekly hours are expected to change at the same time as the wage. A higher hourly rate with fewer paid hours can produce a smaller annual increase than expected.

Related calculations

Useful Calculations to Continue With

If the raise is expressed as annual salary but you want an hourly comparison, convert it with the Salary to Hourly Calculator.

If you already know the old and new pay and only need the rate of change, use the Percentage Change Calculator.

Common questions

Pay Raise Calculator FAQ

How do I calculate a 3% raise?

Multiply current pay by 0.03 to get the raise amount, then add that amount to current pay. The calculator performs both steps.

Why did my take-home pay not increase by the same percentage?

A raise changes gross pay. Tax withholding, pension contributions, insurance deductions and other payroll items can change the net amount differently.

Is a fixed raise better than a percentage raise?

It depends on the starting pay. A fixed amount gives the same cash increase, while a percentage raise produces a larger cash increase on a higher starting salary.