Pay Raise Calculator: Calculate Your New Pay

Use this pay raise calculator to compare your current gross pay with a new salary, hourly wage, weekly paycheck, or monthly amount. Enter a percentage raise or a fixed increase and see the change in seconds.

Raise formula
New pay = current pay + raise amount

Calculate a Pay Raise

Free and instant
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Enter the pay amount for the selected period before taxes and deductions.
%
For example, enter 5 for a 5% increase.
Used to convert the result to an hourly equivalent.
Use 52 for year-round work, or fewer weeks for unpaid time off.
Try an example

Your Pay Raise Result

New pay
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Raise amount
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Enter your current pay and raise assumptions to calculate the new pay and annual equivalent.

Calculation breakdown

New annual gross pay -
New hourly equivalent -
Effective raise percentage -
Pay period used -

Formula used

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How it works

How to Use the Pay Raise Calculator

The calculator annualizes your selected pay period so you can compare the raise consistently across annual, monthly, weekly, and hourly pay.

1

Enter current pay

Type your gross pay before taxes and deductions, then select whether the amount is annual, monthly, weekly, biweekly, semi-monthly, or hourly.

2

Choose the raise

Select a percentage raise for a typical salary increase or a fixed amount when the offer adds a specific dollar amount per pay period.

3

Check schedule assumptions

Set paid hours per week and paid weeks per year when you want an hourly equivalent. The default is 40 hours and 52 weeks.

4

Review the comparison

Compare the new pay, raise amount, annual gross pay, hourly equivalent, and effective percentage before comparing job offers.

Pay Raise Calculator Examples

These examples show how the same raise can be expressed as a percentage, a fixed amount, or a different pay frequency.

$60,000 salary with a 5% raise

A 5% annual raise adds $3,000 to a $60,000 salary.

Current annual pay $60,000
Raise amount $3,000
New annual pay $63,000

$25/hour with a $2 raise

A $2 hourly raise changes the rate to $27/hour, or $56,160 per year at 40 hours and 52 paid weeks.

Current hourly pay $25.00
Raise amount $2.00/hour
New annual equivalent $56,160

$5,000/month with a 3% raise

A 3% monthly raise adds $150 to each monthly paycheck and produces $61,800 in annual gross pay.

Current monthly pay $5,000
Raise amount $150/month
New monthly pay $5,150

Pay Raise Calculator Formula

The calculator keeps the raise tied to the pay period you enter, then converts the new amount to an annual and hourly comparison.

Percentage raise

Raise amount = current pay × raise percentage ÷ 100.

New pay = current pay + raise amount. For example, a 5% raise on $60,000 adds $3,000, so the new salary is $63,000.

  • Use the percentage option when the raise is described as 3%, 5%, or another percentage.
  • The percentage is applied to the pay period selected in the form, while the annual equivalent uses the same raise consistently.

Fixed amount raise

New pay = current pay + fixed raise amount. A fixed raise is interpreted in the selected pay period: $2 per hour, $150 per month, or $3,000 per year.

If the fixed amount is quoted for another period, convert it first or change the pay frequency so the input and raise use the same basis.

Annual and hourly equivalents

Annual gross pay = new pay × pay periods per year. The calculator uses 12 monthly payments, 24 semi-monthly payments, 26 biweekly payments, 52 weekly payments, or paid hours per week × paid weeks per year for hourly pay.

Hourly equivalent = annual gross pay ÷ (hours per week × paid weeks per year). This is a gross-pay comparison, not a tax or take-home-pay estimate.

Need a full conversion between hourly, weekly, monthly, and annual pay? Use the salary to hourly calculator. For the percentage change itself, the percentage calculator can show the increase or decrease.

Quick reference

$50,000 + 3% $51,500
$60,000 + 5% $63,000
$25/hour + $2 $27/hour
$5,000/month + 3% $5,150/month

What This Pay Raise Calculator Does Not Include

Use the result as a gross-pay comparison. A raise can change your take-home pay differently after taxes, benefits, retirement contributions, and local payroll rules.

Gross pay only

The result is before income tax, Social Security, Medicare, insurance premiums, retirement contributions, and other deductions.

No tax estimate

The take-home-pay phrase is intentionally not calculated here because withholding depends on location, filing status, benefits, and payroll settings.

Same period assumption

A fixed raise is applied to the frequency selected. Do not enter an annual raise amount while the form is set to hourly unless you convert the amount first.

Hours affect hourly pay

The hourly equivalent changes when your paid hours or paid weeks change. A salary increase does not automatically mean a higher effective hourly rate if hours also rise.

Pay Raise Calculator FAQ

Direct answers about salary increases, annual raises, and gross-pay comparisons.

Multiply your current pay by the raise percentage divided by 100, then add that raise amount to your current pay. For a 5% raise on $60,000, the calculation is $60,000 × 0.05 = $3,000, so the new pay is $63,000.

They usually describe the same task. This pay raise calculator supports both percentage and fixed-amount increases and can show the result as annual, monthly, weekly, biweekly, semi-monthly, or hourly gross pay.

A 3% raise on $50,000 is $1,500, making the new annual gross pay $51,500. Use the calculator to test another raise percentage or pay period.

Enter the hourly wage, choose Hourly wage, select Percentage raise or Fixed amount raise, and set your paid hours and paid weeks. The calculator converts the new hourly pay into an annual gross-pay equivalent.

No. It calculates gross pay before taxes and deductions. Take-home pay depends on tax location, filing status, benefits, retirement contributions, insurance, and payroll settings, so it needs a separate tax model.

A fixed amount raise adds a specific amount to the pay period you selected, such as $2 per hour, $150 per month, or $3,000 per year. Keep the current pay and raise amount on the same frequency.

Use 52 paid weeks for a year-round schedule. If you have unpaid weeks off or seasonal work, enter the number of paid weeks you actually expect so the annual and hourly comparison is more realistic.

Compare the Raise Before You Decide

Change the pay frequency, raise type, hours, or paid weeks above to see the same offer from more than one angle.

Recalculate Pay Raise