Pay Raise Calculator
Calculate your new salary after a percentage raise and see how much more you will earn per year.
Pay Raise Calculator
New Annual
$63,000.00
Increase
$3,000.00
New Monthly
$5,250.00
New Hourly
$30.29
Formula
New Salary = Current Salary × (1 + Raise %)
Example: $60,000 × 1.05 = $63,000 new salary (+$3,000/year)
Frequently Asked Questions
What is a good raise percentage?
Historically 3–5% is common. A raise matching or exceeding inflation (around 3%) maintains purchasing power.
Does this include cost of living adjustments?
This calculates the total raise percentage regardless of whether it is a merit raise or COLA.