Pay raise calculator
See your new pay after a raise, the raise as a percent, and what is left after inflation.
- ๐บ๐ธ US federal & state rules
New pay a year
$62,400
$2,400 more a year, a 4% raise
- Current
- $60,000
- Raise
- 4%
- Per year
- +$2,400
This is an example. Enter your numbers above and press the button to see your own result.
Other raise sizes
| 2% raise | $61,200 ($1,200 a year) |
|---|---|
| 3% raise | $61,800 ($1,800 a year) |
| 4% raise | $62,400 ($2,400 a year) |
| 5% raise | $63,000 ($3,000 a year) |
| 7% raise | $64,200 ($4,200 a year) |
| 10% raise | $66,000 ($6,000 a year) |
- Gross pay. A raise can also move you into a higher withholding bracket, but only the dollars above the line are taxed at the higher rate.
- Add the inflation rate to see whether the raise beats rising prices. The BLS CPI page has the latest 12-month number.
Show the math
| New pay | $60,000 ร (1 + 4%) = $62,400 |
|---|---|
| Yearly before | $60,000 |
| Yearly after | $62,400 |
What to do next
How it works
With a percent raise, the new pay is the current pay times one plus the percentage. With a dollar raise, the calculator adds the amount and then shows what percentage that is.
Yearly figures use 12 months for monthly pay and 2,080 hours for hourly pay. If you enter an inflation rate, the real raise is the pay change adjusted for that rate, and the calculator shows the pay you would need just to keep up.
Things to keep in mind
The result is gross pay. Federal and state withholding, Social Security and Medicare come out of the raise too, so the paycheck grows by less than the raise amount.
Inflation is not stored here. The Bureau of Labor Statistics publishes the CPI every month, and the 12-month change is the number most people compare a raise against.
Frequently asked questions
How do I calculate a pay raise percentage?
Subtract your old pay from your new pay, divide by the old pay, then multiply by 100. Going from $60,000 to $63,000 is a $3,000 raise, which is 5%.
What is a good raise?
That depends on your field and on inflation. A raise below the inflation rate means your pay buys less than before. Enter the current CPI figure above to see the real change.
Why does the after-inflation number look smaller than raise minus inflation?
Prices and pay compound. A 5% raise against 3% inflation is (1.05 รท 1.03) โ 1, which is 1.94%, a little less than the 2% you get by subtracting.
Will a raise push me into a higher tax bracket?
Possibly, but only the dollars above the bracket line are taxed at the higher rate. A raise never leaves you with less take-home pay because of brackets.