Calculate your new salary after a pay raise. Enter your current salary and raise amount (percentage or dollar) to see your new income, increase amount, and monthly/weekly pay changes.

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Try the calculator now! See exactly how much your raise will increase your take-home pay.

Table of Contents

• How to use the Pay Raise Calculator
• How to calculate a pay raise by hand
• Percentage raise vs. dollar amount raise
• Pay raise calculation examples
• Tips for negotiating a pay raise
• Frequently Asked Questions

Got a raise coming? Use our Pay Raise Calculator to:

1. Calculate your new salary instantly
2. See your exact dollar increase
3. Compare before and after net pay
4. Plan your budget with confidence

How to use the Pay Raise Calculator

Calculate your pay raise in just four simple steps:

1. ENTER your current salary or hourly wage
2. CHOOSE raise type (percentage or dollar amount)
3. INPUT the raise amount or percentage
4. CLICK Calculate—see your new salary and increase details

You can switch between percentage and dollar amount raises, and the calculator works with annual salaries, hourly wages, or any pay period.

How to calculate a pay raise by hand

Or for a dollar amount raise:

Quick examples:

• 5% raise: $50,000 × 1.05 = $52,500 (increase of $2,500)
• $3,000 raise: $50,000 + $3,000 = $53,000 (6% increase)

Percentage raise vs. dollar amount raise

Raise Type	Best For	Example
Percentage	Annual reviews, merit increases	3% raise on $60,000 = $1,800 increase
Dollar Amount	Promotions, negotiated raises	$5,000 raise on $60,000 = 8.33% increase

Tip: Percentage raises compound over time, while fixed amounts may lose value relative to inflation.

Pay raise calculation examples

Tips for negotiating a pay raise

• Research market rates

  Know the typical salary range for your role and experience level in your area.

• Document your achievements

  Keep a record of projects completed, goals exceeded, and value added to the company.

• Time it right

  Request raises during performance reviews or after completing major projects.

• Consider the total package

  Benefits, bonuses, and flexible work arrangements can add significant value beyond base salary.

• Practice your pitch

  Be confident, specific about your desired raise, and ready to explain why you've earned it.

Need more financial calculators? Try our annual income calculator or margin calculator.

Frequently Asked Questions

1. How do I calculate a percentage pay raise?

Multiply your current salary by the raise percentage (as a decimal). For a 5% raise on $50,000: $50,000 × 0.05 = $2,500 increase. New salary: $52,500.

2. What's a typical annual pay raise?

Average annual raises in the U.S. range from 3-5%. High performers may receive 7-10%, while promotions can bring 10-20% or more.

3. How do I convert a dollar raise to a percentage?

Divide the raise amount by your current salary, then multiply by 100. Example: $3,000 raise ÷ $60,000 current = 0.05 × 100 = 5%.

4. Should I ask for a percentage or dollar amount raise?

For ongoing increases, percentage raises are better as they compound. For one-time raises or promotions, a specific dollar amount may be more appropriate.

5. How does a raise affect my take-home pay?

Your raise will be subject to taxes and other deductions. Use the tax rate field in our calculator to estimate your net increase. Typically, expect to keep 60-80% of your gross raise after taxes.

6. What if my raise puts me in a higher tax bracket?

Only the income above the threshold is taxed at the higher rate, not your entire salary. You'll always take home more money with a raise, even if you move to a higher bracket.