ToCalculator
Income

Pay Raise Calculator

Pay raise calculator: enter your salary and raise percent to see the new salary, the increase and hourly pay before taxes.

Editorial review: Farrow (pseudonym; identity and professional credentials are not disclosed). This page is for educational purposes, not professional advice.

Your inputs

$
%

Results update as you type. Nothing you enter leaves your device.

Results

New annual salary
$62,400
Annual increase
$2,400
Monthly increase
$200.00
New hourly pay
$30.00

Example with the starting values

These results use the calculator's initial inputs. Change the values above to calculate your own estimate.

Inputs

Current annual salary
60000 $
Raise
4 %

Results

New annual salary
$62,400
Annual increase
$2,400
Monthly increase
$200.00
New hourly pay
$30.00

How does the Pay Raise Calculator work?

New salary = current salary × (1 + raise %). A 4% raise on $60,000 is $2,400, so the new salary is $62,400. Hourly pay assumes 2,080 hours a year (40 hours for 52 weeks).

Figures are before tax. A raise can move part of your income into a higher bracket, but only the dollars above the bracket line are taxed at the higher rate.

Frequently asked questions

How do I calculate a percent raise?

Multiply your salary by the raise percent, then add it. $60,000 × 4% = $2,400, for a $62,400 salary.

What is a typical annual raise?

Cost-of-living and merit raises typically run about 3% to 4%. A promotion or job change often brings 10% or more.

Will a raise push me into a higher tax bracket?

Only the part of your income above the bracket threshold is taxed at the higher rate, so you never take home less because of a raise.

How do I find the percent raise from two salaries?

(new − old) / old × 100. Going from $60,000 to $63,000 is a 5% raise.

Related calculators

All paycheck and salary calculators