Pay Raise Calculator
Enter your current pay and the raise you were offered — as a percentage or a dollar amount — to see the real impact.
Your details
Results update as you type.
$60,320
New annual salary
- Raise amount
- + $2,320
- Raise percentage
- 4%
- More per month
- $193.33
- More per biweekly check
- $89.23
- More per hour
- $1.12/hr
- New hourly equivalent
- $29.00/hr
The per-paycheck increase shown is before taxes and deductions.
How this calculator works
- 1A percentage raise multiplies your current salary by the percentage to find the increase.
- 2The increase is added to your current salary for the new figure.
- 3The same increase is divided by 12, 26 and your annual hours to show it per month, per check and per hour.
Formula
New salary = Current salary × (1 + Raise % ÷ 100)
Worked example
- A 4% raise on a $58,000 salary.
- $58,000 × 0.04 = $2,320 increase, for a new salary of $60,320.
- That's about $193 more per month, or $1.12 more per hour at 40 hours a week.
What we assume
- The raise applies for a full year starting immediately.
- Gross figures only; higher pay may also raise withholding.
Frequently asked questions
Is a 3% raise good?
It depends on inflation and your market rate. If prices rose more than your raise, your real buying power fell.
How do I ask for a specific number?
Work backwards: decide the annual salary you want, then express the gap as a percentage of your current pay.
Does a raise change my tax bracket badly?
Only income above a bracket threshold is taxed at the higher rate, so a raise always leaves you with more take-home pay.
Results are estimates based on the information you provide and may differ from your actual paycheck. This calculator is for informational and planning purposes and is not tax, payroll, legal, or financial advice.