How to calculate a pay raise
To calculate a percentage pay raise, multiply current pay by one plus the raise percentage divided by 100. The raise amount is the difference between new pay and current pay.
How to calculate your raise percentage
If you know your old pay and new pay, calculate the raise percentage by dividing the pay change by old pay, then multiplying by 100.
Hourly raise to annual income
For hourly pay, annual impact depends on hours per week and working weeks per year. The calculator exposes both values so you can avoid silently assuming a schedule.
How much more will I make per paycheck?
Weekly, biweekly, semi-monthly and monthly paycheck estimates use different period counts. Biweekly generally means 26 pay periods per year, while semi-monthly generally means 24 pay periods per year. Results are gross estimates before taxes, deductions or withholding.
Pay raise examples
Hourly example: a 5% raise on $25/hour adds $1.25/hour and creates a new hourly rate of $26.25. At 40 hours per week and 52 weeks per year, that is $2,600 more per year.
Salary example: a 5% raise on a $60,000 annual salary is a $3,000 increase, producing a new salary of $63,000.
Pay raise vs pay increase
For this calculator, pay raise and pay increase describe the same basic pay-change concept. Use the percentage mode, old-vs-new mode, or fixed-amount mode depending on the values you already know.
Gross pay, not take-home pay
This calculator does not calculate federal income tax, state income tax, Social Security, Medicare, deductions, withholding, or take-home pay. Actual paycheck changes can differ after taxes and payroll adjustments.
Pay Raise Calculator FAQ
How do I calculate a pay raise?
Multiply current pay by the raise percentage to get the raise amount, then add the raise amount to current pay.
How do I calculate my raise percentage?
Subtract old pay from new pay, divide by old pay, then multiply by 100.
How much is a $1 per hour raise per year?
At 40 hours per week and 52 weeks per year, a $1/hour raise is $2,080 more per year before taxes and deductions.
How much is a $2 per hour raise per year?
At 40 hours per week and 52 weeks per year, a $2/hour raise is $4,160 more per year before taxes and deductions.
What is a 5% raise on an hourly wage?
A 5% raise on $25/hour adds $1.25/hour, making the new rate $26.25/hour.
How much more will I make per paycheck after a raise?
Use the over-time results to compare weekly, biweekly, semi-monthly and monthly gross estimates. The calculator uses 26 biweekly periods and 24 semi-monthly periods per year.
How do I calculate a salary increase?
Multiply current annual salary by the raise percentage, or compare old salary with new salary to find the percentage change.
Is biweekly the same as semi-monthly?
No. Biweekly generally means every two weeks, or 26 periods per year. Semi-monthly generally means twice per month, or 24 periods per year.
Does this calculator include taxes?
No. It shows gross pay raise estimates before taxes, deductions, withholding and other payroll adjustments.