Pay Raise Calculator
See your new pay after a percentage raise and what the increase is worth.
To find your pay after a raise, multiply your current pay by one plus the raise percentage as a decimal. A 5% raise on $50,000 adds $2,500, for a new salary of $52,500. To work out the percentage of a raise you already received, divide the increase by your old pay and multiply by 100. Enter your current pay and the raise percent.
These results are estimates for informational purposes only and are not financial, tax, or legal advice. Your actual figures from a lender or the IRS may differ. Consult a qualified professional before making decisions.
New pay
$52,500.00
- Current pay
- $50,000.00
- Raise (5%)
- $2,500.00
- New pay
- $52,500.00
About the Pay Raise Calculator
A pay raise is a percentage increase applied to your current earnings, and this calculator turns that percentage into real dollars. Multiply your current pay by the raise percent to get the increase, then add it back, or multiply by one plus the percent as a decimal to reach the new figure directly. A 4% raise on a $60,000 salary is $2,400, bringing you to $62,400. A few things are worth keeping in mind. The result here is gross pay, before taxes and deductions, so your take-home increase will be smaller than the raise itself. A raise that only matches inflation keeps your buying power flat rather than improving it, so it helps to compare the percentage against the current cost-of-living change. And a percentage raise compounds over a career, because next year's raise is usually figured on this year's higher base, which is why a single percentage point matters more than it first appears.
Frequently asked questions
How do I calculate my new salary after a raise?+
Multiply your current salary by (1 + raise percent ÷ 100). A 5% raise on $50,000 is 50,000 × 1.05 = $52,500.
How do I find the percentage of a raise?+
Divide the increase by your old salary and multiply by 100. A $2,000 raise on $40,000 is 2,000 ÷ 40,000 × 100 = 5%.
Is this my take-home pay after the raise?+
No. This shows gross pay before taxes and deductions, so your actual take-home increase will be somewhat smaller than the raise amount.
Does a raise that matches inflation make me better off?+
Not really. If your raise equals the inflation rate, your buying power stays about the same. To get ahead, the raise needs to outpace inflation.