Hourly raise calculator: turn a raise per hour, percent, or new rate into extra pay per week, month, and year. See what a $1 or 50-cent raise is really worth.
Hourly Raise Formula
The calculator turns a per-hour raise into its weekly, monthly, and annual impact:
A = r * h * w
When you know the percentage or the new rate instead, the raise per hour is derived first:
r = R * p / 100 or r = Rnew - R
Variables:
- A is the extra gross pay per year from the raise
- r is the raise per hour (a 50-cent raise is r = 0.50)
- R is your current hourly rate and Rnew is the new rate
- p is the raise percentage
- h is hours worked per week (default 40) and w is weeks worked per year (default 52)
Pick what you already know: the dollar raise, the percentage, or the new rate. The calculator fills in the rest — new rate, raise percentage, and the extra pay per week, month, and year — plus your annual pay before and after. It works for any schedule: cut the hours per week for part-time work or the weeks per year for seasonal work.
What an Hourly Raise Is Worth Per Year
Extra annual gross pay at 40 hours per week, 52 weeks per year (2,080 hours).
| Raise per hour | Per week | Per month | Per year |
|---|---|---|---|
| $0.25 | $10.00 | $43.33 | $520.00 |
| $0.50 | $20.00 | $86.67 | $1,040.00 |
| $1.00 | $40.00 | $173.33 | $2,080.00 |
| $1.50 | $60.00 | $260.00 | $3,120.00 |
| $2.00 | $80.00 | $346.67 | $4,160.00 |
| $3.00 | $120.00 | $520.00 | $6,240.00 |
| $5.00 | $200.00 | $866.67 | $10,400.00 |
Typical percentage raises on common hourly rates (full-time annual impact):
| Current rate | 3% raise | 5% raise | Extra/year at 5% |
|---|---|---|---|
| $15.00 | +$0.45 | +$0.75 | $1,560.00 |
| $18.00 | +$0.54 | +$0.90 | $1,872.00 |
| $20.00 | +$0.60 | +$1.00 | $2,080.00 |
| $25.00 | +$0.75 | +$1.25 | $2,600.00 |
| $30.00 | +$0.90 | +$1.50 | $3,120.00 |
Example Problems
Example 1: You make $18.50 per hour and get a $1.50 raise, working 40 hours a week.
The new rate is 18.50 + 1.50 = $20.00 per hour, an 8.11% raise.
A = 1.50 * 40 * 52 = $3,120 more per year, or $60 more per week.
Example 2: Your rate goes from $16.00 to $16.80. What percent raise is that?
r = 16.80 – 16.00 = $0.80, and 0.80 / 16.00 = 0.05, so it is a 5% raise worth 0.80 * 40 * 52 = $1,664 per year full time.
Frequently Asked Questions
How much is a $1 an hour raise per year?
At full time (40 hours a week, 52 weeks), every $1 per hour equals $2,080 per year before taxes. Scale it directly: a 50-cent raise is $1,040, a $2 raise is $4,160, and a $5 raise is $10,400. At 30 hours a week, $1 per hour is $1,560 per year.
Is it better to ask for a dollar amount or a percentage?
They are the same money expressed two ways, but percentages are how employers usually budget raises, while per-hour dollars are easier to compare against your bills. Converting between them, like this calculator does, helps you check whether a “$1 raise” beats the typical 3% to 4% annual increase at your wage level.
Does the raise change my overtime rate too?
Yes. Overtime is 1.5 times your regular rate, so a $1.00 raise lifts your overtime rate by $1.50. If you work regular overtime, the true annual value of a raise is larger than the straight-time figures shown here.
