Pay Raise Calculator
Calculate your new salary after a percentage raise. Enter your current annual salary and the raise percentage to see your new annual, monthly, and bi-weekly pay, plus the total increase amount.
Pay Raise Calculator
FAQ
What is an average annual pay raise?
The average annual pay raise in the US is typically 3-5%. Merit-based raises or promotions can be higher, often 10-20%. Cost-of-living adjustments usually range from 2-3%.
How do I calculate the raise percentage?
To find the percentage raise: ((New Salary - Old Salary) / Old Salary) x 100. For example, going from $60,000 to $65,000 is a ($5,000 / $60,000) x 100 = 8.33% raise.
Does this calculator account for taxes?
No, this shows gross salary figures before taxes. A raise may push you into a higher tax bracket, so your net increase may be less than the gross raise amount. Consult a tax professional for after-tax estimates.