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Pay Raise Calculator
Enter your salary and the raise as a percentage. You get the new salary and the difference per year and per month.
| Raise | New salary | Extra per year |
|---|---|---|
| 2% | $56,100 | $1,100 |
| 3% | $56,650 | $1,650 |
| 5% | $57,750 | $2,750 |
| 7.5% | $59,125 | $4,125 |
| 10% | $60,500 | $5,500 |
Example
A 4% raise on $55,000 gives a new salary of $57,200. That is $2,200 more a year, or $183.33 a month before tax.
How the pay raise calculator works
The new salary is the old one multiplied by one plus the raise: new = old × (1 + raise%). Enter a negative number to work out a pay cut.
To find the percentage from two salaries, divide the difference by the old salary. Going from 50,000 to 53,000 is 3,000 divided by 50,000, a 6% raise.
Compare your raise with inflation. If prices rose 4% and your pay rose 3%, you can buy less than a year ago even with a higher salary.
Common questions
What is a typical raise?
It varies by country, industry and year. Yearly raises often land near the inflation rate, with larger rises coming from promotions or from changing employer.
Will I take home the full amount?
No. The figures are before tax, and the extra pay may be taxed at a higher rate than your average, so the increase in take-home pay is smaller.
How do raises add up over time?
They compound, because each raise applies to a salary that already includes earlier raises. A 3% raise every year increases pay by about 34% over ten years.