Pay Raise Calculator
Turn a raise percentage or a new salary into hourly, weekly, biweekly, monthly and annual pay — and see what the raise is really worth after inflation.
Pay Raise Calculator: with the default inputs, new annual pay is $62,400.00.
Annual salary or hourly wage, matching the choice above.
Used when the raise is a percentage.
Used when the raise is a new amount — same basis (annual or hourly) as current pay.
Your estimate of price growth over the year; the BLS publishes the latest 12-month CPI change monthly.
- Raise per year
- $2,400.00
- Raise percentage
- 4%
- New hourly pay
- $30.00
- New weekly pay
- $1,200.00
- New biweekly paycheck
Gross, before taxes and deductions.
- $2,400.00
- New monthly pay
- $5,200.00
- Extra per biweekly paycheck
- $92.31
- Raise after inflation
(1 + raise) ÷ (1 + inflation) − 1: the change in what your pay buys.
- 0.97%
- Raise after inflation, in today's dollars
New pay deflated by inflation, minus current pay.
- $582.52
Assumptions
- All pay figures are gross, before taxes and deductions.
- Hourly ↔ annual conversion uses the same hours every week for the entered paid weeks per year.
- Biweekly pay is annual pay ÷ (paid weeks ÷ 2); monthly pay is annual ÷ 12.
- Inflation is applied over one year to deflate the new pay to today's dollars.
| Per | Current | New | Increase |
|---|---|---|---|
| Hourly | $28.85 | $30.00 | $1.15 |
| Weekly | $1,153.85 | $1,200.00 | $46.15 |
| Biweekly | $2,307.69 | $2,400.00 | $92.31 |
| Monthly | $5,000.00 | $5,200.00 | $200.00 |
| Annual | $60,000.00 | $62,400.00 | $2,400.00 |
| Raise | New annual pay | New hourly | Extra per biweekly check | After inflation |
|---|---|---|---|---|
| 1% | $60,600 | $29.13 | $23.08 | -1.94% |
| 2% | $61,200 | $29.42 | $46.15 | -0.97% |
| 3% | $61,800 | $29.71 | $69.23 | 0% |
| 4% | $62,400 | $30.00 | $92.31 | 0.97% |
| 5% | $63,000 | $30.29 | $115.38 | 1.94% |
| 6% | $63,600 | $30.58 | $138.46 | 2.91% |
| 8% | $64,800 | $31.15 | $184.62 | 4.85% |
| 10% | $66,000 | $31.73 | $230.77 | 6.8% |
| 15% | $69,000 | $33.17 | $346.15 | 11.65% |
| 20% | $72,000 | $34.62 | $461.54 | 16.5% |
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How this is worked out
The formula
New pay = Current pay × (1 + raise %) Raise % = (New pay − Current pay) ÷ Current pay × 100 Annual = Hourly × hours per week × paid weeks per year Raise after inflation = (1 + raise %) ÷ (1 + inflation %) − 1
Open How it’s calculated above to see this worked through with your own numbers.
What you enter
- My pay is
- Choose one of 2 options.An annual salary · An hourly wage
- Current pay
- Annual salary or hourly wage, matching the choice above.in dollars · 0 or more · defaults to 60000
- The raise is
- Choose one of 2 options.A percentage · A new pay amount
- Raise percentage
- Used when the raise is a percentage.a percentage · from -100 to 1000 · defaults to 4
- New pay
- Used when the raise is a new amount — same basis (annual or hourly) as current pay.in dollars · 0 or more · defaults to 63000
- Hours per week
- A number.from 0.5 to 168 · defaults to 40
- Inflation over the year
- Your estimate of price growth over the year; the BLS publishes the latest 12-month CPI change monthly.a percentage · from -20 to 100 · defaults to 3
- Paid weeks per year(under More options)
- Leave at 52 if paid time off is paid.from 1 to 53 · defaults to 52
What you get back
- New annual paymain answer
- Raise per year
- Raise percentage
- New hourly pay
- New weekly pay
- New biweekly paycheck
- Gross, before taxes and deductions.
- New monthly pay
- Extra per biweekly paycheck
- Raise after inflation
- (1 + raise) ÷ (1 + inflation) − 1: the change in what your pay buys.
- Raise after inflation, in today's dollars
- New pay deflated by inflation, minus current pay.
What this assumes
- All pay figures are gross, before taxes and deductions.
- Hourly ↔ annual conversion uses the same hours every week for the entered paid weeks per year.
- Biweekly pay is annual pay ÷ (paid weeks ÷ 2); monthly pay is annual ÷ 12.
- Inflation is applied over one year to deflate the new pay to today's dollars.
About this calculator
A raise is quoted one way — "4%", or "$2 an hour", or "you'll be at $65,000" — and lived another way: as a bigger paycheck every two weeks, against prices that went up too. This calculator converts between all of them. Give it your current pay and the raise in whichever form you were told, and it returns the new pay per hour, week, biweekly paycheck, month and year, the raise in dollars and percent, and what's left of the raise after inflation.
How to use it
Choose whether your pay is an annual salary or an hourly wage, then enter it. Choose whether the raise is a percentage or a new pay amount — if your manager told you the new number, the calculator works out the percentage for you. Hours per week converts between hourly and annual pay; under More options you can change the paid weeks per year if you take unpaid time off. Solve for goes the other way: "what raise do I need to reach $70,000?"
Reading the results
- New annual pay and the per-period figures are gross pay, before tax, retirement contributions and benefits. Your take-home increase will be smaller — run the new salary through a paycheck calculator for that.
- Raise percentage is the number to compare against offers, industry surveys and your company's merit budget.
- Raise after inflation is the real raise. A 3% raise in a year with 3% inflation leaves your buying power where it was; a 2% raise with 3% inflation is a cut in real terms. The formula divides rather than subtracts — (1.04 ÷ 1.03) − 1 is 0.97%, not exactly 1% — which matters for large numbers.
- The raise ladder table shows what each common raise size would do to your pay, so you can see what you'd be asking for before a review.
Things to watch
Hourly and annual conversions assume the same hours every week; overtime, shift differentials and bonuses aren't included. A raise that moves you into a higher tax bracket only taxes the dollars above the threshold at the higher rate — it never makes take-home pay go down. And raises compound: a 4% raise every year roughly doubles your pay in 18 years, while staying flat for two years against inflation costs you more than it looks, because every future raise starts from the lower base.
Frequently asked questions
▸How do I calculate my raise percentage?
Subtract your old pay from your new pay, divide by the old pay and multiply by 100. Going from $60,000 to $63,000 is a $3,000 raise, and $3,000 ÷ $60,000 = 5%.
▸How much is a 3% raise on $50,000?
$1,500 a year, taking you to $51,500 — about $57.69 more per biweekly paycheck before tax, or 72¢ more an hour at 40 hours a week.
▸What does 'raise after inflation' mean?
It's how much more your new pay can buy compared with your old pay, once prices have risen. It's (1 + raise) ÷ (1 + inflation) − 1, so a 4% raise with 3% inflation is a real raise of about 0.97%.
▸How do I convert an hourly raise to an annual one?
Multiply the hourly increase by your hours per week and paid weeks per year. A $1.50 raise at 40 hours and 52 weeks is $1.50 × 2,080 = $3,120 a year.
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