Pay Raise Calculator
New salary from a raise, the percentage, per-period pay and real raise.
About this tool
Enter your current pay and choose whether it is per year, month, fortnight, week or hour. Give the raise as a percentage, an amount or the new pay. The calculator shows the new pay and the percentage increase, a table of before-and-after pay for every period, and the real raise after the inflation rate you enter.
How to judge a pay raise
A 4% raise on a 55,000 salary takes it to 57,200. That is 2,200 more a year, about 183 a month, 42 a week or 1.06 an hour, assuming 2,080 working hours a year. To see whether it really leaves you better off, compare it with inflation using (1 + raise) รท (1 + inflation) โ 1. With 3% inflation, the 4% raise is a real increase of about 0.97%, and any raise below the inflation rate is a cut in what your pay can buy. If you only know the old and new pay, choose new pay and the calculator works out the percentage. Typical annual merit raises run around 3โ5%, while promotions and job moves often bring 10โ20%. Honest limits: all figures are before tax and deductions, and the extra take-home pay can be smaller, especially if the raise moves you into a higher tax band. General information, not financial advice. The salary converter switches between periods, the percentage calculator handles other changes and the inflation calculator shows buying power over time. Gross vs net salary: what comes off your pay, and how to compare offers explains take-home pay.
Frequently asked questions
How do I calculate a pay raise percentage?
Divide the difference between new and old pay by the old pay and multiply by 100. From 55,000 to 57,200 is a 4% raise.
What is a real pay raise?
The raise after inflation: (1 + raise) รท (1 + inflation) โ 1. A 4% raise with 3% inflation is about 0.97% in real terms.
What is a normal annual raise?
Merit raises often run 3โ5% a year, more in high-inflation years. Promotions and job changes commonly bring 10โ20%.
Is the calculation before or after tax?
Before tax. Use a tax calculator for your country to see the change in take-home pay.
Is my data saved?
No. The calculation runs in your browser and nothing is stored or sent.