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Salary Raise Percentage Calculator: Raise %, New Salary and Extra per Paycheck

Find your raise percentage from an old and new salary, apply a % raise or a dollar raise to see your new pay, and break the increase down by hour, week, paycheck, month and year, with an optional inflation and tax check.

What do you know?

Pay is quoted

Current pay

New pay

Raise percentage

Raise amount

Paychecks per year

Hours worked per week

Inflation over the same year

Tax rate on the extra pay

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How it works

Raise % = (new pay − old pay) ÷ old pay × 100 · New pay = old pay × (1 + raise % ÷ 100) · Yearly pay = hourly × hours per week × 52 = weekly × 52 = bi-weekly × 26 = semi-monthly × 24 = monthly × 12 · Extra per paycheck = yearly increase ÷ paychecks per year · Real raise = (1 + raise) ÷ (1 + inflation) − 1

A raise percentage is the increase divided by your pay before the raise. You can work it three ways: enter both amounts to get the exact percentage, enter a percentage to get the new pay, or enter the dollar raise to get both. Pay can be quoted per hour, week, paycheck, month or year; the calculator turns it into a yearly figure (52 weeks, 26 bi-weekly or 24 semi-monthly paychecks, 12 months, and hours per week × 52 for hourly pay, so 40 hours = 2,080 hours) and then shows the before, after and change for every period. Because a percentage raise is the same in every period, $25 → $30 an hour is the same 20% as $52,000 → $62,400 a year. Under More options you can add the inflation rate for the same year to see your real raise (the change in buying power), and your marginal tax rate to estimate how much of the extra pay you keep. The growth chart shows where your yearly pay would be if you received the same raise every year for 10 years. All figures are gross; actual take-home depends on taxes, benefits and deductions.

Worked example

You earn $60,000 a year and are offered $66,000. Raise = $66,000 − $60,000 = $6,000, and $6,000 ÷ $60,000 × 100 = 10.00%. That is $6,000 ÷ 12 = $500.00 more a month and, on 24 semi-monthly paychecks, $6,000 ÷ 24 = $250.00 more per paycheck before tax. At 40 hours a week (2,080 hours a year) it is $2.88 more per hour. Going the other way, an 8% raise on $60,000 gives $60,000 × 1.08 = $64,800.

Sources: Omni Calculator: Pay raise calculator (worked examples) · Calculator.net: Salary calculator (2,080-hour, 52-week conversions)

Frequently asked questions

How do I calculate my raise percentage?

Subtract your old pay from your new pay, divide the difference by the old pay and multiply by 100. From $60,000 to $66,000: $6,000 ÷ $60,000 × 100 = 10%. The same works for hourly wages: $25 to $30 an hour is $5 ÷ $25 = 20%.

Is the raise calculated on the old or new salary?

On the old salary. The raise percentage is the increase divided by your current (pre-raise) pay, which is why the same $5,000 raise is a bigger percentage for a lower earner than a higher one.

Why is my per-paycheck increase smaller than I expected?

The figures are gross, before income tax, Social Security and Medicare, and deductions such as retirement and insurance. Your take-home increase is smaller because part of each extra dollar is withheld at your marginal rate. Enter that rate under More options for an estimate.

Does my raise keep up with inflation?

Only if the raise percentage is higher than inflation over the same period. A 3% raise during 4% inflation is a real pay cut of about 1%: (1.03 ÷ 1.04) − 1 = −0.96%. Enter the inflation rate under More options to see your real raise.

What is a typical raise?

There is no single standard. Yearly merit raises are usually a few percent and are set by each employer’s salary budget, while a promotion or a move to a new employer is often a larger step. Compare your figure with inflation and with a pay survey for your job and region rather than with a fixed rule.