Pay Raise Calculator
What will my salary be after the raise?
I know the new salary — what raise is that?
This free Pay Raise Calculator turns a raise percentage into real money. When your manager says "we're giving you five percent", the natural next question — what does that actually make my salary? — takes annoying mental arithmetic, and most people get the monthly figure wrong. Enter your current annual salary and the raise percentage, and this calculator gives you the raise amount, your new salary, and the before-and-after monthly and hourly figures, so you can judge the offer properly. A second calculator works the other way: if you have been told the new salary figure, it tells you what percentage raise it really is.
Putting the monthly number next to the annual one matters, because annual figures flatter. A $3,000 raise on a $60,000 salary sounds substantial until it becomes $250 a month before tax — still welcome, but a different feeling, and exactly the figure your budget actually experiences. All amounts are gross, before tax and deductions, and the hourly figures assume your stated hours per week across fifty two weeks. Appraisal season is when this page earns its keep: run the percentage you are offered, then run the percentage you plan to ask for, and walk into the conversation knowing both numbers cold. Everything runs locally in your browser.
How to use
- Enter your current annual salary in the first card.
- Enter the raise percentage you were offered or are hoping for.
- Check the hours-per-week box if you work something other than forty hours.
- Click Calculate my raise to see the new salary and the monthly difference.
- Or use the second card: enter both salaries to discover the exact percentage.
Frequently asked questions
How do I calculate a pay raise manually?
Multiply your current salary by the raise percentage and divide by one hundred — that is the raise amount. Add it to your current salary for the new one. A 5% raise on $60,000 is $60,000 × 0.05 = $3,000, giving a new salary of $63,000: $5,250 a month, or about $30.29 an hour at forty hours a week. Try those exact numbers above to see it worked out.
What is a typical annual pay raise?
In many economies, standard annual increases run around three to five percent, often tracking inflation, while promotions or job changes commonly bring ten to twenty percent. A raise below inflation is, in real terms, a small pay cut — a point worth knowing before an appraisal conversation.
How do I work out the percentage if I only know both salaries?
Subtract the old salary from the new one, divide the difference by the old salary, and multiply by one hundred. Going from $55,000 to $60,500 is a $5,500 difference; $5,500 ÷ $55,000 = 0.10, so it is a 10% raise. The second calculator on this page does it in one step.
Is the new salary shown before or after tax?
Before tax. Raises are negotiated in gross terms, and your take-home increase depends on your tax bracket — part of the raise may be taxed at a higher marginal rate. Use the gross figures here for negotiation, then check your first new payslip for the real take-home difference.