Pay Raise Calculator

See exactly how much your raise is worth — per year, per month, per week, and per hour.

Enter Your Salary Details

Raise Type

How to Use This Calculator

  1. Enter your current pay — choose annual salary or hourly rate and type your amount. Set your hours per week if you're hourly.
  2. Choose your raise type — select "Raise by Percentage" if your employer quoted a percentage (e.g. 5%), or "Raise by Amount" if you know the flat dollar increase.
  3. Click Calculate Raise — see your new salary broken down by hour, day, week, month, and year, side by side with your current pay.

What Counts as a Pay Raise?

A pay raise is any increase in your base compensation. The most common forms are percentage raises — where your salary grows by a set percentage of what you already earn — and flat-dollar increases, where a fixed amount is added regardless of your starting point. Promotions typically combine both: a higher title plus a meaningful bump in base pay, often 10–20% or more. Cost-of-living adjustments (COLA) are a third type, designed to keep your real purchasing power steady as prices rise, but they are not always guaranteed. Understanding which type you are receiving matters when negotiating — a 3% raise sounds smaller than a $2,400 increase, but on a $80,000 salary they are identical.

Ready to Ask for That Raise?

Our complete guide walks you through timing, scripts, and follow-up strategies to maximize your chances.

Read the Guide →

Frequently Asked Questions

How do I calculate a 5% pay raise? +
Multiply your current salary by 1.05. On a $60,000 salary: $60,000 × 1.05 = $63,000 — an extra $3,000 per year or $250 per month. Use the calculator above to see the full breakdown including hourly and weekly figures.
What is the average pay raise in the US? +
The average annual raise in the US is typically 3–5%. A cost-of-living raise matching inflation (~3–4%) keeps your purchasing power steady. A merit raise of 5–7% is considered strong. Raises above 10% are excellent and usually tied to a promotion or a competing offer you bring to the table.
How much should I ask for in a raise? +
A good target is 10–20% above your current rate, particularly if you haven't had a raise in over a year or your market value has increased. Research comparable salaries using Glassdoor, LinkedIn Salary, or the Bureau of Labor Statistics. Ask for a specific number — not a range — and anchor high to leave room for negotiation. Tie the number to your impact: projects delivered, revenue generated, or responsibilities added.
Does a pay raise affect my tax bracket? +
A raise can push part of your income into a higher federal tax bracket, but only the dollars above the threshold are taxed at the higher rate — your full salary is never all taxed at the new rate. The US uses a marginal (progressive) tax system. In practice, most raises result in a modest increase in your effective tax rate, so your net take-home still rises meaningfully. Use a paycheck calculator to see the exact after-tax difference.
What is a good pay raise percentage? +
A cost-of-living raise matches inflation (~3–4%). A merit raise of 5–7% is considered good. Anything above 10% is excellent and typically tied to a promotion or a competing job offer.
How often should I get a raise? +
Most companies do annual performance reviews with raises. If you haven't received a raise in 12–18 months, it's reasonable to request one. Always tie your request to performance, market data, or increased responsibilities.

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