Pay Raise Calculator
See your new pay from a raise percentage, or find the percentage from your new pay.
Your answer
Turn on JavaScript to use this calculator. The formula is explained below so you can work it out by hand.
How this calculator works
New pay = current pay × (1 + raise ÷ 100)
Raise % = (new pay − current pay) ÷ current pay × 100
For hourly pay, the yearly difference is the hourly raise times your paid hours per year. Because U.S. income tax is progressive, a raise can push some income into a higher bracket, but only the dollars above the bracket line are taxed at the higher rate.
Example
A 3% raise on $50,000 is $1,500 a year, bringing pay to $51,500. That's $125 more a month on average, or about $57.69 more per biweekly paycheck before taxes.
Category: Money & Pay, Work & Career