Pay Raise Calculator
See your new pay after a percentage raise — or work out what percentage a new wage or salary really is — and how much extra that means per year, month and paycheck.
Enter your current pay and the raise.
On this page
How to calculate a raise
Worked example: a 4% raise on $20.00 an hour
- New rate: $20.00 × 1.04 = $20.80 an hour.
- That's $0.80 more an hour, or $0.80 × 2,080 = $1,664 more a year at full time.
- Per biweekly paycheck: $1,664 ÷ 26 = $64.00 more, before taxes.
Is my raise keeping up?
A raise smaller than inflation means your pay buys a bit less than before, even though the number went up. To compare, look up the latest 12-month change in the Consumer Price Index from the Bureau of Labor Statistics: if prices rose 3% and your raise was 4%, your real pay rose about 1%. Raises at the same job are often in the low single digits, while changing jobs or moving up a level usually brings bigger jumps — which is why it's worth knowing exactly what an offer is worth per hour and per year.
Raise in dollars or in percent?
The same raise can sound very different. $1 an hour is 6.7% on $15 but 3.3% on $30. Switch the calculator to The raise in $ or My new pay to see the percentage, which is the fairest way to compare two raises or two offers.
Frequently asked questions
What is a 3% raise on $18 an hour?
$18.54 an hour — 54 cents more, or about $1,123 more a year at full time.
What is a 5% raise on a $50,000 salary?
$52,500 a year: $2,500 more, or about $208 more a month before taxes.
What percent raise is $15 to $17 an hour?
13.3% ($2 ÷ $15).
Sources
- Percentage change formula; 2,080-hour full-time year. Inflation: Bureau of Labor Statistics, Consumer Price Index. How we calculate.