Raise Calculator
Enter your current pay and the raise, as a percent, a dollar amount or your new pay, to see what you will earn per hour, paycheck, month and year.
Free, no sign-upRuns in your browserHow we calculate
- Raise in percent
- 3%
- Raise per year
- $1,800.00
- Yearly pay before
- $60,000
- Yearly pay after
- $61,800
- Extra per year (before tax)
- $1,800
| Pay period | Before | After | Difference |
|---|---|---|---|
| Hourly | $28.85 | $29.71 | $0.87 |
| Weekly | $1,153.85 | $1,188.46 | $34.62 |
| Biweekly | $2,307.69 | $2,376.92 | $69.23 |
| Monthly | $5,000.00 | $5,150.00 | $150.00 |
| Yearly | $60,000.00 | $61,800.00 | $1,800.00 |
How this was calculated
- Raise in pay: new pay − old pay = 61800.00 − 60000.00 = 1800.00.
- Raise in percent: 1800.00 ÷ 60000.00 × 100 = 3.00%.
- Yearly pay: 60000.00 → 61800.00, a difference of 1800.00 a year.
Pre-tax figures based on a 52-week year. Taxes and benefit deductions change what you take home; run the new salary through the paycheck calculator for the net amount. Educational estimate, not financial advice.
How to calculate a pay raise
A raise calculator compares your new pay with your old pay. The percentage is the increase divided by what you earned before: (new pay − old pay) ÷ old pay × 100. Going the other way, the new pay is your old pay × (1 + raise ÷ 100). The calculator accepts the raise as a percentage, a dollar amount or the new pay your employer offered, and fills in the other two.
Worked examples
A 3% raise on a $60,000 salary adds $1,800 and lifts pay to $61,800, or $150 more a month and about $69.23 more per biweekly paycheck (before tax). A $2 an hour raise on $20 an hour is a 10% raise: at 40 hours a week and 52 weeks (2,080 hours) it adds $4,160 a year. And an offer of $57,200 against $52,000 is exactly 10%.
Hourly to yearly pay
Yearly pay for an hourly job is the hourly rate × hours per week × 52. The standard full-time year is 2,080 hours; the U.S. Office of Personnel Management uses 2,087 hours for federal pay because a year has slightly more than 52 weeks. If you work fewer hours, change the hours per week and the yearly figure follows. To turn the new salary back into an hourly rate, see the salary to hourly calculator.
Is your raise a good one?
A raise only increases your buying power if it beats price growth. Check the latest consumer price data from the Bureau of Labor Statistics and compare it with your percentage; the BLS Employment Cost Index shows how much employer pay costs are rising in general. A 3% raise during 4% price growth is a pay cut in real terms. Annual cost-of-living adjustments for Social Security benefits are set by the Social Security Administration from the same price data.
What you actually take home
Raises are quoted before tax, and extra income is taxed at your marginal rate, so a $1,800 raise may add roughly $1,300 to $1,500 after federal, Social Security, Medicare and state taxes. Put your new salary into the paycheck calculator to see the net difference per paycheck. If you work overtime, the overtime calculator shows how the higher rate carries into those hours.
Frequently asked questions
How do you calculate a raise percentage?
Subtract your old pay from your new pay, divide by your old pay and multiply by 100. Going from $52,000 to $57,200 is $5,200 ÷ $52,000 = 10%.
How do you calculate a 3% raise?
Multiply your current pay by 1.03. On a $60,000 salary that is $61,800, a raise of $1,800 a year or $150 a month before tax.
How much is a $1 an hour raise per year?
At 40 hours a week and 52 weeks (2,080 hours), a $1 an hour raise adds $2,080 a year before tax.
How do you turn an hourly raise into a yearly figure?
Multiply the hourly raise by your hours per week and by 52. A $2 raise at 40 hours a week adds $2 × 40 × 52 = $4,160 a year.
Is a raise taxed more?
No, there is no special raise tax. The extra pay is taxed at your normal marginal federal rate plus Social Security, Medicare and state tax, so you keep less than the gross raise.