Pay Raise Calculator
Enter your salary and a raise — by percent or dollar amount — and see your new pay instantly. Or compare two salaries to find the percentage increase.
New to this? Read: how to calculate a salary increase percentage →
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How to calculate a pay raise
A pay raise can be described two ways: as a percentage of your current salary, or as a fixed dollar amount. The calculator above handles both, and also works in reverse — enter two salaries and it tells you the percentage change between them.
The underlying math is simple:
- New salary = current salary + increase
- Increase = current salary × (raise % ÷ 100)
- Raise % = (increase ÷ current salary) × 100
A worked example
Say you earn $60,000 and you are offered a 4% raise. The increase is 60,000 × 0.04 = $2,400, so your new salary is $62,400. Spread across the year that is $200 more per month, or about $92 per two-week paycheck — before tax.
Percent raise vs. dollar raise
A percentage raise scales with your salary, so the same percentage is worth more to a higher earner. A flat dollar raise is the opposite — it is a bigger percentage boost for lower salaries. When you compare a raise to a colleague's, or to last year's, converting both to a percentage is the only fair way to read them.
Don't forget inflation
A raise only increases your buying power if it beats the rate of inflation. A 3% raise in a year of 3% inflation leaves you flat in real terms. When you negotiate, it can help to frame the number against the cost of living, not just last year's salary.
Calcento is for general guidance only and does not provide tax or financial advice. Figures are pre-tax.
Frequently asked questions
Subtract your old salary from your new salary, divide the result by your old salary, then multiply by 100. For example, going from $60,000 to $64,000 is a $4,000 increase; $4,000 ÷ $60,000 = 0.0667, or a 6.7% raise.