Pay Raise Calculator
Enter your current pay and the raise percentage to see your new annual pay and how much the increase adds to each month and paycheck.
Enter your figures below. Results update as you type.
New annual pay$57,200.00
- Increase per year
- $2,200.00
- Increase per month
- $183.33
- Increase per paycheck (biweekly)
- $84.62
- New hourly rate (40 hrs/week)
- $27.50
How the Pay Raise calculation works
New pay = current pay x (1 + raise % / 100)
A raise below the inflation rate is a cut in real terms. Compare your percentage with recent inflation using the inflation calculator.
Frequently asked questions
How do I calculate a pay raise percentage?
Subtract your old pay from your new pay, divide by the old pay and multiply by 100. Going from $50,000 to $53,000 is a 6% raise.
How much is a 3% raise?
Multiply your pay by 0.03. On a $50,000 salary a 3% raise is $1,500 a year, taking you to $51,500. On $20 an hour it adds 60 cents.
What is a good pay raise?
Annual raises in the US have typically averaged around 3% to 4% in recent years. A raise below the inflation rate leaves you with less buying power than before, so compare the two.
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