Pay Raise Calculator

See your new pay after a raise — enter your current pay and the raise as a percentage or a dollar amount. Get your new salary, the increase, and the percentage change instantly.

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Pay Raise Calculator

New pay after a raise

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New Pay
Current Pay
Raise Amount
Percentage Change
Monthly Increase
Current vs New Pay

Calculating a Pay Raise

A pay raise can be expressed two ways. As a percentage: new pay = current × (1 + raise%). A 5% raise on $60,000 brings you to $63,000 — a $3,000 increase. As a fixed amount: your new pay is simply current + raise, and the percentage change is the raise divided by current pay. Knowing both helps you evaluate an offer and compare it to inflation: if your raise is below the inflation rate, your real (inflation-adjusted) pay actually fell.

This calculator works for salary or hourly pay and shows your new pay, the dollar increase, the percentage change, and the monthly increase. Use it to check that a promotion or annual review keeps pace with the cost of living, or to translate a percentage raise into real take-home dollars.

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Percentage Raise

New = Current × (1 + raise%). A 5% raise on $60,000 = $63,000, a $3,000 bump.

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Fixed-Amount Raise

New = Current + raise. The % change is raise ÷ current — useful for comparing flat increases.

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Beat Inflation

If your raise is below the inflation rate, your real purchasing power dropped despite a higher number.

FAQ

Multiply your current pay by (1 + the raise as a decimal). A 5% raise: $60,000 × 1.05 = $63,000. The increase is the difference, $3,000. To find the percentage from a dollar raise, divide the raise by your current pay and multiply by 100.
It depends on inflation. A 3% raise only maintains your buying power if inflation is also around 3%; if inflation is higher, your real pay fell. Average US merit raises run about 3–4%, while promotions or job changes often bring 10–20%. Compare your raise to the current inflation rate to judge it.
Yes. Enter a negative percentage (or a negative amount) to model a pay cut, and the calculator will show your reduced pay and the negative change. This is handy for evaluating a role change, reduced hours, or a switch to a lower-paying but preferred job.

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✔ Reviewed by the True Value Calc editorial team🗓 Last updated June 2026📚 Sources: Peer-reviewed formulas & official U.S. government data