Salary Raise Calculator (Pay Rise Percentage)
Enter your current pay and raise to see your new salary, or compare two salaries.
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Salary Raise Calculator (Pay Rise Percentage) by TheCalcTools
How the Salary Raise Calculator (Pay Rise Percentage) works
A percentage raise multiplies your pay by (1 + raise ÷ 100). To find the percentage between two salaries, divide the new by the old and subtract 1.
The real raise removes inflation: if prices rose 3% and your pay rose 5%, your buying power rose about 1.94%, not 2%. Hourly figures assume 52 paid weeks a year.
The formula
Worked example
Using the default values shown in the calculator:
| Current annual salary | $60000 |
|---|---|
| Raise given as | Percentage |
| Raise percentage | 5 % |
| Raise amount per year | $3000 |
| New annual salary | $64500 |
| Inflation over the year | 3 % |
| Hours per week | 40 |
- $60,000 × 1.05 = $63,000, a raise of $3,000 a year or $250.00 a month.
- After 3% inflation the real raise is 1.94%.
Result:
| New annual salary | $63,000 |
|---|---|
| Raise percentage | 5.00% |
| Raise per year | $3,000 |
| Raise per month | $250.00 |
| New hourly rate | $30.29 |
| Real raise after inflation | 1.94% |
Frequently asked questions
What is a typical annual raise?
It varies by country, industry and inflation. Many employers budget raises close to inflation plus a little for performance; promotions typically bring 10% or more.
Is a 5% raise 5% more take-home pay?
Not exactly. Tax is progressive, so take-home pay usually rises by a slightly smaller percentage. Use a paycheck or salary tax calculator to compare.
Sources and further reading
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This calculator gives estimates for information only. It is not tax or legal advice. Tax rules change and depend on your circumstances, so check current rules or ask a qualified professional. See our disclaimer.