Calculate a pay raise by percentage or dollars, then compare annual, monthly, biweekly, weekly, hourly, and inflation-adjusted pay.
Calculator
Raise and Pay Results
Review the main answer, supporting amounts, and calculation details.
Annual Pay Comparison
Calculation Details
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How to calculate a salary increase
Enter your current gross annual salary and a raise as either a percentage or a fixed annual dollar amount. The calculator converts the raise into both formats and then shows the new annual salary across common pay periods.
raise dollars = current salary x raise percentage / 100
new annual salary = current salary + raise dollars
Salary raise example
A 5% raise on $60,000 adds $3,000 and produces a new annual salary of $63,000. That equals $5,250 per month, about $2,423.08 across 26 biweekly pay periods, $1,211.54 per week, or $30.29 per hour when divided by 40 hours for 52 weeks.
Percentage raise versus dollar raise
A percentage makes offers at different salaries easier to compare. A dollar amount shows the direct annual change. Switching the input type does not change the underlying math: the calculator always reports both the annual dollar increase and its percentage of current salary.
Inflation-adjusted raise
The real raise estimates how much purchasing power changes after the inflation rate you enter. It uses the ratio of the new pay level to the changed price level, so simply subtracting inflation from the raise is only an approximation.
real raise = ((1 + nominal raise rate) / (1 + inflation rate) - 1) x 100
The US Bureau of Labor Statistics describes CPI as a measure of average price change over time, and its purchasing-power guide explains how price indexes can compare the value of money across periods. Your personal cost changes can differ from the national average.
Gross pay and take-home pay
Every pay-period result is gross pay before federal, state, and local taxes, benefits, retirement contributions, overtime, bonuses, unpaid time, or payroll rounding. Use the take-home pay calculator for a separate net-pay estimate.
Frequently asked questions
How do I calculate a 3% raise?
Multiply current salary by 0.03, then add the result to current salary. On $50,000, the increase is $1,500 and the new salary is $51,500.
Is biweekly pay the same as twice monthly?
No. Biweekly normally means 26 pay periods per year, while semimonthly means 24. Select the schedule your employer uses.
Does the hourly result include overtime?
No. It is an annual-salary equivalent based only on the hours and working weeks entered.