Pay Raise Calculator

Calculate your new salary and income increase

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%

Your New Salary

$63,000

per year

Raise Amount
$3,000
(5.00%)

Income Breakdown

Hourly +$1.44/hr
$28.85
$30.29
Weekly +$58
$1,154
$1,212
Biweekly +$115
$2,308
$2,423
Monthly +$250
$5,000
$5,250
Annual +$3,000
$60,000
$63,000

How to Use the Pay Raise Calculator

Our free pay raise calculator helps you understand exactly how much your salary will increase. Whether you've been offered a percentage raise or a specific dollar amount, this tool breaks down your new income across all pay periods - hourly, weekly, biweekly, monthly, and annually.

Frequently Asked Questions

How do I calculate a pay raise percentage?

To calculate a pay raise percentage, divide the raise amount by your current salary, then multiply by 100. For example, if you earn $50,000 and receive a $2,500 raise, that's ($2,500 / $50,000) × 100 = 5% raise.

What is a good pay raise percentage?

A typical annual pay raise ranges from 3-5% for standard performance. High performers might receive 5-10%, while promotions often come with 10-20% raises. Cost of living adjustments are typically 2-3%. The national average annual raise is around 3-4%.

How do I calculate my new salary after a raise?

To calculate your new salary, add the raise amount to your current salary. If given a percentage, multiply your current salary by (1 + percentage/100). For example, $50,000 × 1.05 = $52,500 for a 5% raise.

How much is a 3% raise on a $60,000 salary?

A 3% raise on $60,000 equals $1,800 annually ($60,000 × 0.03). This breaks down to $150 per month, $69.23 per week, $34.62 biweekly, or about $0.87 per hour (based on a standard 40-hour work week).

Should I negotiate for a percentage or dollar amount raise?

Percentage raises are typically better for higher earners as they scale with your salary. A 5% raise on $100,000 ($5,000) is more than 5% on $50,000 ($2,500). Dollar amounts are clearer and can be better when negotiating specific increases or if you're earlier in your career.

How often should I expect a raise?

Most companies offer annual raises during performance reviews. However, you may receive raises more frequently due to promotions, cost of living adjustments, or market rate corrections. It's reasonable to discuss raises annually, but exceptional performance might warrant earlier conversations.

Is a 5% raise good?

A 5% raise is above the national average and considered good for standard performance reviews. With typical inflation around 2-3%, a 5% raise represents real income growth. For promotions, expect 10-20%, while cost of living adjustments usually range from 2-3%.

How do I ask for a raise?

Research market rates for your role, document your achievements and contributions, and schedule a dedicated meeting with your manager. Present specific examples of your value, use our calculator to understand realistic expectations, and be prepared to negotiate. Timing matters - ask during performance reviews or after major wins.