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
- 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.