Pay Raise Calculator — Salary Increase Calculator
See what your raise is really worth. Compare old vs new salary and calculate the percentage increase.
Tool Interface
How to use
- Enter your current pay and pick the pay period.
- Enter the raise percentage — or switch tabs to enter the new pay and find the percentage.
- Click Calculate for the new pay, the increase, and the annual equivalent.
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About This Tool
See Exactly What a Raise Is Worth
The Pay Raise Calculator shows what any raise means in real money. Enter your current pay and the raise percentage to see your new pay, the increase per period and the annual equivalent. Or flip it around: enter the new pay on offer and find out the exact raise percentage.
It handles hourly, weekly, monthly and annual pay periods, annualizing hourly figures at 40 hours per week times 52 weeks. All figures are pre-tax gross pay. The tool is free and needs no signup.
How to Use the Pay Raise Calculator
Three steps to your new pay figure.
- Enter your current pay: Type what you earn now and pick the pay period: hourly, weekly, monthly or annual.
- Enter the raise: Type the raise percentage, or switch tabs to enter the new pay and solve for the percentage instead.
- Click Calculate: See your new pay, the increase amount and the annual equivalent instantly.
Making Sense of the Numbers
- Percent versus dollars: A 5 percent raise on 20 dollars an hour is 1 dollar an hour, or about 2,080 dollars a year.
- Annual equivalent: Hourly pay is annualized at 40 hours per week times 52 weeks for easy comparison.
- Reverse mode: Got a job offer with a new salary? Enter it to see the exact percentage jump.
- Pre-tax figures: Results are gross pay before tax. Your take home increase will be smaller.
Key Features
- Two directions: Raise percent to new pay, or new pay to raise percent.
- Four pay periods: Hourly, weekly, monthly and annual inputs.
- Annual equivalent: Compare any raise on a yearly basis.
- Increase breakdown: See both the new pay and the raise amount.
- Free and private: No signup needed.
Frequently Asked Questions (FAQ)
Is the Pay Raise Calculator free? Yes. It is completely free with no signup.
What is a typical raise percentage? Annual merit raises often land between 2 and 5 percent. Promotions and job changes commonly bring 10 percent or more.
How is hourly pay annualized? At 40 hours per week times 52 weeks, the standard full time equivalent.
Are the figures before or after tax? Before tax. All results are pre-tax gross pay.
Can I work backwards from a job offer? Yes. Switch to the New Pay tab, enter the offered salary and see the exact percentage increase over your current pay.
Do I need an account? No. The calculator works instantly with no signup.
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