Pay Raise Calculator — Calculate Your Salary Increase
Calculate your new salary after a raise, or find the raise percentage between two salaries. See the impact on monthly, biweekly, and hourly pay. See also Budget Calculator and Salary Calculator.
How the Pay Raise Calculator Works
This calculator operates in two modes. In "Find New Salary" mode, enter your current salary and raise percentage to see your new salary and how it breaks down across pay periods. In "Find Raise %" mode, enter your current and new salary to calculate the raise percentage. All calculations assume 2,080 working hours per year (40 hours × 52 weeks) for hourly conversions and 26 biweekly pay periods.
Pay Raise Formula
New Salary = Current Salary × (1 + Raise% / 100)
Raise Amount = New Salary − Current Salary
Raise % = ((New Salary − Current Salary) / Current Salary) × 100
Monthly Increase = Raise Amount / 12
Biweekly Increase = Raise Amount / 26
Hourly Increase = Raise Amount / 2,080
Example Calculation
Current Salary: $60,000/year
Raise: 5%
Raise Amount = $60,000 × 0.05 = $3,000
New Salary = $60,000 + $3,000 = $63,000
Monthly Increase = $3,000 / 12 = $250.00
Biweekly Increase = $3,000 / 26 = $115.38
Hourly Increase = $3,000 / 2,080 = $1.44
Salary Raise Reference Table
| Current Salary | 3% Raise | 5% Raise | 10% Raise | 15% Raise |
|---|---|---|---|---|
| $40,000 | $41,200 | $42,000 | $44,000 | $46,000 |
| $50,000 | $51,500 | $52,500 | $55,000 | $57,500 |
| $60,000 | $61,800 | $63,000 | $66,000 | $69,000 |
| $75,000 | $77,250 | $78,750 | $82,500 | $86,250 |
| $100,000 | $103,000 | $105,000 | $110,000 | $115,000 |
| $120,000 | $123,600 | $126,000 | $132,000 | $138,000 |
Frequently Asked Questions
What is a typical annual raise?
The average annual raise in the US is typically 3-5% for standard performance. High performers may receive 5-10%. Promotions often come with 10-20% increases. Cost-of-living adjustments are usually 2-3%, roughly matching inflation.
How many hours is 2,080?
2,080 hours represents a standard full-time work year: 40 hours per week × 52 weeks. This is the standard used by the US Bureau of Labor Statistics and most employers for converting between annual salary and hourly rate. It doesn't account for vacation, holidays, or sick days.
Should I negotiate for a higher raise?
If your raise is below the inflation rate (typically 2-4%), your real purchasing power is actually decreasing. Research market rates for your role using salary surveys. If you're below market rate, have a data-driven conversation with your manager about an adjustment.
Does this calculator account for taxes?
No, all amounts shown are gross (pre-tax). Your actual take-home increase will be less after federal, state, and local taxes. A $3,000 raise might result in roughly $2,000-$2,400 in additional take-home pay depending on your tax bracket.