Calculate your salary increase, your new pay after a raise, the raise percentage, and the result across every pay period.
Salary Increase Formula
The calculator uses a different formula depending on what you choose to solve for.
To find your new salary after a percentage raise:
To find your new salary after a flat dollar raise:
New Salary = Old Salary + A
To find the raise percentage from old and new salaries:
To find the original salary before a known percentage raise:
Old Salary = New Salary / (1 + P / 100)
To project additional years after the initial change, use the new annual pay as Year 0:
- New Salary is pay after the initial change. New Annual Pay is that figure annualized using the selected period and conversion assumptions.
- Old Salary is your pay before the raise.
- P is the raise expressed as a percentage.
- A is the raise expressed as a flat dollar amount.
- Y is the number of additional years after the initial change; Year 0 is the new annual pay.
The “solve for new salary” mode applies your raise to the current figure, either as a percentage or as a flat amount. The “solve for raise percentage” mode compares an old and new figure and returns the percent change between them. The “solve for original salary” mode works backward from a new figure and a known percentage to recover what you started with. Comparisons use 12 months, 26 two-week periods and 52 weekly averages per year. Workdays × workweeks and hours × workweeks set daily/hourly rates and the annualization of daily/hourly entries. Changing the selected pay period reinterprets entered amounts. Projection Year 0 is the new annual pay; additional years compound the entered or implied percentage. In flat-change mode, the same implied percentage is repeated, not the same flat dollars.
Illustrative Annual Percentage Ranges
These ranges are arithmetic illustrations, not current pay-market benchmarks or recommendations for an employer, role or location.
| Illustration | Percentage range |
|---|---|
| Example range A | 1% to 3% |
| Example range B | 3% to 5% |
| Example range C | 5% to 10% |
| Example range D | 10% to 20%+ |
This table shows how the same raise looks at different pay periods, based on a $60,000 starting salary, 40 hours per week, and 52 weeks per year.
| Pay period | Before (3% raise) | After (3% raise) |
|---|---|---|
| Annual | $60,000.00 | $61,800.00 |
| Monthly | $5,000.00 | $5,150.00 |
| Weekly | $1,153.85 | $1,188.46 |
| Hourly | $28.85 | $29.71 |
Example Problems
Example 1: Finding your new salary. You earn $52,000 per year and are offered a 4% raise. Multiply the old salary by 1 plus the percentage as a decimal: 52,000 * (1 + 4 / 100) = 52,000 * 1.04 = $54,080. Your raise is worth $2,080 per year, or about $173.33 per month before taxes.
Example 2: Finding the raise percentage. Your salary went from $48,000 to $50,400. Subtract the old figure from the new figure, divide by the old figure, then multiply by 100: (50,400 – 48,000) / 48,000 * 100 = 2,400 / 48,000 * 100 = 5%. The increase was a 5% raise.
Frequently Asked Questions
How do I calculate a percentage raise on my salary? Divide the dollar increase by your old salary and multiply by 100. If your pay rose by $3,000 on a $60,000 salary, that is 3,000 / 60,000 * 100, which equals a 5% raise. To go the other way and find the dollar value of a known percentage, multiply your old salary by the percentage written as a decimal.
Is the raise figure before or after taxes? The amounts are gross figures before taxes and deductions. The change in take-home pay depends on the applicable jurisdiction, withholding, benefits and other deductions. This calculator does not estimate those effects.
What counts as a good annual raise? The illustrative table is not an up-to-date pay or inflation benchmark. Assess an offer using relevant current pay data and price changes over the same period. This calculator compares nominal gross amounts and does not calculate purchasing-power changes.
