Pay Raise
Calculator

Calculate your new salary after a raise in seconds. Enter your current pay and raise percentage to see your new annual salary, monthly take-home increase, biweekly pay bump, and hourly rate change — all updated instantly.

Pay Raise Formula
New Salary = Current Salary × (1 + Raise% ÷ 100)
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New Annual Salary
Raise
$57,750
Annual Raise+$2,750
Monthly Increase+$229/mo
Hourly Change+$1.32/hr

Your Raise Visualized

See the impact of your pay raise across different time frames.

Salary Comparison

Live
Current
$55,000
New
$57,750
Raise
+$2,750

Raise Gauge

Animated
5%raise

Pay Breakdown

Detailed
💰
Annual$55,000 → $57,750/yr
📅
Monthly$4,583 → $4,813/mo
📆
Biweekly$2,115 → $2,221/2wk
Hourly (40hr/wk)$26.44 → $27.76/hr

Proportional View

Interactive
Current Salary
Raise (+5%)

What Is a Pay Raise?

A pay raise is a percentage increase applied to your current salary. When your employer gives you a 5% raise on a $55,000 salary, your new annual salary becomes $57,750 — that's $2,750 more per year or about $229 extra per month.

Understanding your raise in multiple time frames — annual, monthly, biweekly, and hourly — helps you budget effectively and negotiate confidently. A $2,750 annual raise might not sound dramatic, but it compounds over your career.

There are different types of raises: merit raises (performance-based), cost-of-living adjustments (COLA), promotion raises, and market adjustments. Each uses the same calculation, but the typical percentages vary widely.

Salary Before & After
$55,000
Current
+5%
$57,750
New

How the Pay Raise Calculator Works

Enter Current Salary

Input your current annual salary — gross pay before taxes and deductions. Use your base salary for the most accurate raise calculation.

Set Your Raise %

Enter the raise percentage you've received or are negotiating. Typical merit raises range from 3-5%, while promotions can be 10-20% or more.

See All Breakdowns

Instantly see your new salary in annual, monthly, biweekly, and hourly terms. Compare old vs. new to understand the real impact of your raise.

Types of Pay Raises

Merit Raise (3-5%)

Performance-based raises reward your contributions. Annual merit raises of 3-5% are standard in most industries and help your salary keep pace with the market.

Promotion (10-20%)

Moving to a higher role typically comes with a 10-20% salary boost. Senior-level promotions or management transitions often exceed 20%.

Cost of Living (2-4%)

COLA adjustments match inflation so your purchasing power doesn't erode. Without these, your real salary actually decreases each year.

Market Adjustment (5-15%)

When market rates for your role increase, companies offer adjustments to retain talent. These can be significant — especially in high-demand fields like tech.

Job Change (10-30%)

Switching employers is often the fastest way to get a significant raise. External moves frequently yield 10-30% salary increases or more.

Annual Review

Most companies conduct annual salary reviews. Understanding typical raise percentages helps you set realistic expectations and negotiate effectively.

Pay Raise Examples

Click any example to load it into the calculator.

📋

Standard Merit Raise

$45,000 salary with a 3% merit raise.

= $46,350 (+$1,350/yr)
🎉

Promotion Raise

$65,000 salary with a 15% promotion raise.

= $74,750 (+$9,750/yr)
💼

Above-Average Raise

$80,000 salary with a 7% performance raise.

= $85,600 (+$5,600/yr)
🚀

Job Change Raise

$120,000 salary with a 25% raise from a new job.

= $150,000 (+$30,000/yr)

Pay Raise Reference Table

Common raise scenarios. Click any row to load into the calculator.

Current SalaryRaise %Annual RaiseNew SalaryMonthly Increase
$40,0003%$1,200$41,200+$100/mo
$55,0005%$2,750$57,750+$229/mo
$70,00010%$7,000$77,000+$583/mo
$85,00015%$12,750$97,750+$1,063/mo
$100,00020%$20,000$120,000+$1,667/mo
$150,0008%$12,000$162,000+$1,000/mo

Pay Raise FAQs

What is a good raise percentage?

A standard annual raise is 3-5%. Anything above 5% is considered above average. Promotion raises typically range 10-20%. The best metric is whether your raise keeps pace with or exceeds inflation (currently 3-4%).

How do I calculate my raise percentage?

Subtract your old salary from your new salary, divide by your old salary, multiply by 100. Example: ($60,000 - $55,000) / $55,000 × 100 = 9.09% raise.

Should I negotiate my raise?

Yes. Research shows that those who negotiate their raises earn significantly more over their careers. Even small differences compound: a 2% higher raise each year for 30 years results in a dramatically higher lifetime earnings.

Is my raise before or after taxes?

Raises are typically quoted as gross (before tax) amounts. Your actual take-home increase will be less after federal, state, and payroll taxes. A $2,750 raise might net you roughly $1,800-$2,100 after taxes, depending on your tax bracket.

How does my raise affect hourly pay?

For a standard 40-hour work week (2,080 hours/year), divide your annual raise by 2,080. A $2,750 raise equals about $1.32 more per hour. Our calculator shows this breakdown automatically.

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