Salary Raise Calculator
Find your new salary after a raise, the exact dollar increase, and how your pay breaks down annually, monthly, weekly, and hourly. Includes a reverse calculator to find your raise percentage from any two salaries.
Current salary + raise % → new salary
Enter your current salary and raise percentage. Choose your pay period and we’ll show the full annual, monthly, weekly, and hourly breakdown.
Reverse: find raise % from two salaries
Enter your old and new salary to find out exactly what percentage raise you received.
How to calculate a salary raise
The formula is: New salary = Current salary × (1 + Raise% ÷ 100). The dollar increase is simply Current salary × (Raise% ÷ 100).
For example, a $60,000 salary with a 5% raise: $60,000 × 1.05 = $63,000. The increase is $3,000 per year, $250 per month, or $1.44 per hour — before tax.
How to find your raise percentage from two salaries
If you know the old and new figure but need the percentage: Raise% = (New − Old) ÷ Old × 100. Going from $58,000 to $62,500: ($62,500 − $58,000) ÷ $58,000 × 100 = 7.76%. This is the same formula used by the percentage change calculator, which works for any type of increase or decrease.
What counts as a good salary raise?
| Raise % | What it typically means |
|---|---|
| 1–2% | Below inflation — a real-terms pay cut in most years |
| 3–4% | Standard cost-of-living adjustment; roughly keeps pace with inflation |
| 5–7% | Above average; reflects strong performance or a market correction |
| 8–15% | Significant — typical for promotions or a competing offer |
| 15%+ | Major step change — usually tied to a role change or new employer |
Raise vs inflation: are you actually earning more?
A 3% raise when inflation runs at 4% means your purchasing power fell by roughly 1% — you can buy less with your new salary than you could with your old one. To find your real raise: Real raise% = ((1 + Raise%) ÷ (1 + Inflation%)) − 1, expressed as a percentage. If your raise was 4% and inflation is 3.5%, your real increase is only about 0.48%.
Raise vs bonus: which is worth more?
A raise permanently increases your base salary — every future paycheck, every future raise, and often your pension contributions reflect it. A bonus is a one-time payment that doesn’t change your base. A 5% raise on $60,000 is worth $3,000 every year going forward, compounding with future raises. A $3,000 bonus is paid once. Over a 10-year career, the raise is worth far more in cumulative terms.
Raise vs inflation: are you keeping up?
Check your raise against the current inflation rate. If inflation is running at 4% and your raise is 3%, your real purchasing power fell by about 1%. The percentage change calculator can model the difference between any two figures. If you run a business and need to think about margin on top of cost increases, the profit margin calculator handles the equivalent calculation from the revenue side.
Frequently asked questions
5% of $55,000 = $2,750 increase. New annual salary = $57,750. Monthly: $4,812.50 (+$229.17). Weekly: $1,110.58 (+$52.88). Hourly (2,080 hrs): $27.77 (+$1.32).
3% of $70,000 = $2,100 increase. New salary = $72,100 per year, or $6,008.33 per month (+$175).
Research the market rate for your role and location using Glassdoor, LinkedIn Salary, or Levels.fyi. Document specific achievements with measurable impact. Request a meeting, state a specific number, and be prepared to counter-offer. Most employers expect negotiation — not asking for more leaves money on the table.
In the US, taxes are marginal — only the portion of your income that exceeds a threshold is taxed at the higher rate. A raise won’t make your entire salary taxed at a higher rate, only the additional amount that crosses into a new bracket.
Divide the annual salary by 2,080 (52 weeks × 40 hours). A $65,000 annual salary = $65,000 ÷ 2,080 = $31.25 per hour. Use the calculator above with “Hourly” selected to work in the other direction.
Yes — completely free, no signup, no ads. All calculations run instantly in your browser and nothing is stored or sent anywhere.