Pay Raise Calculator - Raise Percentage, Amount & New Salary
Pay Raise Calculator
Find your new pay, the raise in dollars and percent, and where repeated raises lead
Three Ways In
Start from a percentage, a dollar raise, or the new pay you were offered, and get the other two.
Any Pay Period
Works for annual, monthly, biweekly, weekly or hourly pay, and shows the yearly and hourly equivalents.
Repeated Raises
See how the same percentage raise compounds over several years.
Full Privacy
Everything is calculated in your browser.
Percent Versus Dollars
A raise of 3% on $50,000 is $1,500, giving $51,500. Going the other way, a $2,000 raise on $50,000 is 4%, and moving from $50,000 to $55,000 is a 10% raise. Percentages let you compare raises across different salaries, while dollars show the real change in your paycheck.
Raises compound: 3% a year on $50,000 becomes about $57,964 after five years, not $57,500. To judge a raise properly, compare it with inflation; a raise smaller than inflation is a cut in buying power. Figures are gross, before tax.
Key Takeaways
- Pay cuts too: A negative raise shows a pay cut with the correct sign.
- Compounding: Multi-year projections multiply, not add.
- Gross figures: Before tax and deductions.