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Salary Raise Percentage Calculator

Work out your raise as a percentage, or your new pay from a raise percentage or amount, with hourly, weekly, biweekly, monthly and annual figures, the real raise after inflation, the after-tax gain and a multi-year salary projection.

I know the

Pay entered as

Current pay (before the raise)

New pay (after the raise)

Raise percentage

Raise amount (same pay period)

Inflation rate

Tax rate on the extra pay

Hours worked per week

Paid weeks per year

Years to project

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How it works

Raise % = (new pay − current pay) ÷ current pay × 100 · New pay = current pay × (1 + raise % ÷ 100) or current pay + raise amount · Real raise = (1 + raise) ÷ (1 + inflation) − 1 · Annual pay = hourly × hours a week × paid weeks, weekly × weeks, biweekly × 26, twice-monthly × 24, monthly × 12

A raise percentage measures the increase relative to what you were paid before, so the same dollar raise is a bigger percentage on a smaller salary. Choose what you know: your new pay (to get the percentage), a raise percentage (to get the new pay) or a raise amount. Pay can be entered as an annual salary, a monthly, twice-monthly, biweekly or weekly paycheck, or an hourly wage; the calculator converts it to an annual figure using your hours and paid weeks and then shows the raise for every pay period side by side. It also compares the raise with inflation. The real raise divides one plus your raise by one plus the inflation rate, which tells you how much your buying power actually changed. A 4% raise with 3.7% inflation is only about a 0.3% real gain. Add your tax rate to see what the extra pay is worth after tax, and set a number of years to project your salary if you received the same percentage raise every year, in both today’s money and future dollars.

Worked example

From $55,000 to $60,000 is a $5,000 increase, or 9.09%. That is $416.67 more a month, $192.31 more per biweekly paycheck and $2.40 more an hour at 40 hours a week. With 3.7% inflation, the real raise is (1.0909 ÷ 1.037) − 1 = 5.20%. At a 29.65% combined tax rate the extra $5,000 is worth about $3,518 a year after tax. An hourly worker going from $22.00 to $23.50 gets a 6.82% raise: $1.50 an hour, or $3,120 a year at 40 hours and 52 weeks.

Sources: U.S. Bureau of Labor Statistics — Consumer Price Index news release

Frequently asked questions

How do I calculate my raise percentage?

Subtract your old pay from your new pay, divide by the old pay and multiply by 100. Going from $55,000 to $60,000 is $5,000 ÷ $55,000 × 100 = 9.09%. It works the same with hourly or monthly pay as long as both amounts use the same period.

How do I work out my new salary from a raise percentage?

Multiply your current pay by one plus the raise as a decimal. A 4% raise on $55,000 is $55,000 × 1.04 = $57,200. Choose “Raise %” above and the calculator shows the new pay for every pay period.

Is my raise beating inflation?

Compare your raise with the inflation rate. The calculator shows your real raise, (1 + raise) ÷ (1 + inflation) − 1. US consumer prices rose 3.7% in the 12 months to September 2026, so a raise below about 3.7% means your pay buys less than it did a year ago.

What is a typical raise?

Annual merit raises in the US have usually averaged around 3% to 4% in recent years, while promotions and job changes often bring 10% or more. Your industry, performance and local labor market all matter, so treat any average as a rough guide.

Will a raise put me in a higher tax bracket and lower my take-home pay?

No. US income tax brackets are marginal: only the dollars above a bracket line are taxed at the higher rate, so a raise always increases take-home pay. Enter your marginal tax rate under More options to see roughly how much of the raise you keep.

How much more will I earn per paycheck?

Divide the yearly increase by the number of paychecks: 26 if you are paid every two weeks, 24 if twice a month, 12 if monthly. The table shows the current pay, the raise and the new pay for every period, plus hourly.