Salary Increase Calculator (Pay Raise)

Enter your current pay and either the raise percentage or the new amount.

Result

New pay (per year)

52,000.00

Increase per year: 2,000.00
Increase per month: 166.67
Increase per week: 38.46
Hourly pay before: 24.04
Hourly pay after: 25.00

These figures are before tax and other deductions.

How to use Salary Increase Calculator (Pay Raise)

Enter your current yearly pay.
Choose whether you know the raise percentage or the new pay amount.
Enter the percentage or the new amount, and your usual hours per week for hourly figures.
Read the new pay or percentage, and the increase per year, month, week and hour.

About this tool

A pay raise is usually quoted as a percentage. To find the new pay, multiply the current pay by 1 plus the percentage as a decimal, so a 4% raise multiplies pay by 1.04. If you only know the old and new amounts, divide the difference by the old pay to find the percentage.

The calculator works in both directions. It also turns the yearly change into a monthly, weekly and hourly amount, which helps when you compare offers quoted in different units. Hourly figures assume 52 weeks a year and the hours per week that you enter, so unpaid leave and overtime are not included.

All figures are before tax and other deductions, so your take-home increase will be smaller. Cost-of-living or inflation changes the real value of a raise, and a raise that matches inflation leaves your buying power about the same.

How it is calculated

New pay = current pay × (1 + raise ÷ 100).

Raise percentage = (new pay − current pay) ÷ current pay × 100.

Hourly pay = yearly pay ÷ (hours per week × 52).

Worked examples

A 4% raise on 50,000 gives 52,000.00, an increase of 2,000.00 a year, or about 166.67 a month.
A 3.5% raise on 36,000 gives 37,260.00.

Tips for better results

Compare the percentage with recent inflation to see whether the raise is a real increase.
When comparing two offers, compare the hourly figure if the hours differ.
Add up several small raises by applying them one after another, not by adding the percentages.

Frequently asked questions

How do I calculate a pay raise percentage?

Subtract the old pay from the new pay, divide by the old pay and multiply by 100.

Is the result before or after tax?

Before tax. Your take-home pay depends on your tax and deductions, which this calculator does not include.

Does it work for hourly pay?

Yes. Convert your hourly rate to a yearly amount first, or use the hourly figures shown here to compare.

Are two 3% raises the same as a 6% raise?

No. Two 3% raises in a row give about 6.09%, because the second raise applies to the already raised pay.

Are my numbers saved or sent anywhere?

No. The calculation runs in your browser on your own device. Nothing you type is sent to Paul Digital or any other server.

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Privacy

The calculation runs in your browser on your own device. The numbers you type are not sent to Paul Digital or any other server. Results are estimates from the numbers you enter and are not financial, tax or legal advice.