42 · Calculators

Pay Raise Calculator

Enter your current yearly pay and the raise to see your new pay and what it adds each month.

New pay

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How to use the pay raise calculator

  1. Enter your current yearly pay.
  2. Choose whether the raise is a percentage or an amount.
  3. Enter the raise.

Raises and inflation

A raise only increases what you can buy if it beats inflation. A 3% raise in a year of 4% inflation is a cut in real terms. Compare with the inflation calculator.

Examples

55,000 with a 4% raise

57,200.00 · 183.33 more a month

48,000 with a 3,000 raise

51,000.00 · a 6.25% raise

Questions

Is this before tax?

Yes. Your take-home increase will be smaller after tax.

Can I use hourly pay?

Yes. The new amount and percentage work the same way; ignore the monthly row.