How much is my pay raise?
Enter your current pay and your raise, in percent or in dollars, to see your new pay. Or enter your old and new pay to see the raise percent.
- Your new pay
- $62,400.00
A 4% raise on $60,000.00 is $2,400.00, so your new pay is $62,400.00.
- Raise amount
- $2,400.00
Your new pay: $62,400.00. A 4% raise on $60,000.00 is $2,400.00, so your new pay is $62,400.00.
The results are estimates for information only. They are not financial, tax, or legal advice. Check the numbers with your lender or a qualified professional before you decide. Terms of use
How to calculate
Computes a new pay from the current pay and a raise in percent or dollars, or the raise percent from the old and new pay.
Example with the default inputs (Current pay $60,000.00, Raise 4%): A 4% raise on $60,000.00 is $2,400.00, so your new pay is $62,400.00.
Formula: raise = current × percent ÷ 100; new = current + raise = current × (1 + percent ÷ 100).
- The current pay, the raise amount and the new pay are all for the same period (per hour, per month or per year).
- The raise percent is of the current pay. A negative percent or amount is a pay cut.
- Pay is before tax. Tax and inflation are not included.
Worked examples
Each example is checked against the calculator on every build.
- Current pay $25.00, Raise 3% gives Raise amount $0.75, New pay $25.75.Source: hand calculation in content.mdx: 25 × 3 ÷ 100 = 0.75; 25 + 0.75 = 25.75
- Current pay $52,000.00, New pay $55,000.00 gives Raise amount $3,000.00, Raise 5.769231%.Source: hand calculation in content.mdx: 55,000 − 52,000 = 3,000; 3,000 ÷ 52,000 × 100 = 5.77%
- New pay $66,000.00, Raise 10% gives Current pay $60,000.00, Raise amount $6,000.00.Source: hand calculation in content.mdx: 66,000 ÷ 1.10 = 60,000; 66,000 − 60,000 = 6,000
- Current pay $4,000.00, Raise amount -$200.00 gives New pay $3,800.00, Raise -5%.Source: hand calculation in content.mdx: a $200 cut on $4,000 a month is −200 ÷ 4,000 × 100 = −5%
How a raise is worked out
- raise = current × percent ÷ 100
- new = current + raise
- so new = current × (1 + percent ÷ 100)
current is your pay before the raise, percent is the raise in percent points (4 means 4%), and raise is the change in dollars. All the money amounts are for the same period: per hour, per month, or per year.
Fill in any two of current pay, raise percent, raise amount and new pay, and the calculator finds the other two:
- percent = raise ÷ current × 100 = (new ÷ current − 1) × 100
- current = new ÷ (1 + percent ÷ 100) = new − raise = raise ÷ percent × 100
Assumptions
- The current pay is more than $0. A raise percent from −100% (pay cut to $0) up to 100,000% is allowed.
- There is no answer when the numbers need a current pay of $0 or less (for example a raise amount with a 0% raise).
- Pay is before tax, and prices are taken as unchanged.
Limits
Current pay is more than $0 and at most $1,000,000,000; the raise percent is from −100% to 100,000%; the raise amount from −$1,000,000,000 to $10,000,000,000; the new pay from $0 to $11,000,000,000. A solved value outside these limits has no answer.
Worked examples by hand
$25 an hour with a 3% raise. raise = 25 × 3 ÷ 100 = $0.75 an hour. New pay = 25 + 0.75 = $25.75 an hour.
$52,000 a year raised to $55,000. raise = 55,000 − 52,000 = $3,000. percent = 3,000 ÷ 52,000 × 100 = 5.77%.
$66,000 after a 10% raise. current = 66,000 ÷ 1.10 = $60,000. raise = 66,000 − 60,000 = $6,000.
A $200 cut on $4,000 a month. new = 4,000 − 200 = $3,800. percent = −200 ÷ 4,000 × 100 = −5%.
Other questions people ask
How do I calculate a pay raise?
Multiply your current pay by the raise percent and divide by 100. That is the raise in dollars. Add it to your current pay for the new pay. For example, a 3% raise on $25 an hour is 25 × 3 ÷ 100 = $0.75, so the new rate is $25.75 an hour.
How do I work out the percent of a raise I got?
Subtract the old pay from the new pay, divide by the old pay, and multiply by 100. For example, going from $52,000 to $55,000 is a raise of $3,000, and 3,000 ÷ 52,000 × 100 = 5.77%.
Does it matter if I enter hourly, monthly or yearly pay?
No, as long as every amount is for the same period. A 4% raise is 4% of an hourly rate or of a yearly salary alike. The raise amount and the new pay come out for that same period.
What was my pay before a raise?
Divide the new pay by (1 + raise percent ÷ 100). For example, $66,000 after a 10% raise was 66,000 ÷ 1.10 = $60,000 before it.
Can I use it for a pay cut?
Yes. Enter a negative percent or a negative raise amount. A $200 cut on $4,000 a month is a −5% change, and the new pay is $3,800 a month.
Does a raise keep up with rising prices?
Only if the raise percent is at least the rate prices rose over the same time. The Bureau of Labor Statistics measures price changes with the Consumer Price Index and wage growth with the Employment Cost Index. This calculator does not include inflation or tax.