How to calculate a pay raise
Multiply your current pay by the raise percentage divided by 100, then add the increase to your current pay. For example, a 5% raise on a $60,000 annual salary adds $3,000, resulting in $63,000 per year.
Calculate your raise from two salaries
If you know your previous and new pay, select Compare pay. The calculator finds both the dollar difference and the percentage change: (new pay − old pay) ÷ old pay × 100. A decrease will show as a negative percentage.
Hourly wage and salary conversions
Hourly annualization uses your selected hours per week × working weeks per year. Other pay periods assume regular scheduled payments throughout the year: weekly × 52, biweekly × 26, semimonthly × 24, or monthly × 12. The output table shows annual-average pay by period, not an individual paycheck with overtime, taxes or deductions. For example, an hourly worker paid $25 for 40 hours over 50 working weeks earns an estimated $50,000 per year.
Common pay raise examples
| Current annual salary | 3% raise | 5% raise | 10% raise |
|---|---|---|---|
| $40,000 | $41,200 | $42,000 | $44,000 |
| $60,000 | $61,800 | $63,000 | $66,000 |
| $80,000 | $82,400 | $84,000 | $88,000 |
| $100,000 | $103,000 | $105,000 | $110,000 |
Frequently asked questions
How much is a 3 percent raise?
Multiply your current pay by 0.03. For a $60,000 salary, that is $1,800 more per year, or $61,800 total.
How do I calculate a salary increase percentage?
Subtract the old salary from the new salary, divide by the old salary, then multiply by 100.
Does the calculator account for taxes?
No. It shows gross pay before income taxes, benefits, and other payroll deductions.
Can I calculate an hourly raise?
Yes. Select Per hour as the pay period, then enter your hourly rate and raise.
For a quick estimate, a 3% raise on $20/hour adds $0.60/hour; a 5% raise on $50,000 adds $2,500/year; a 10% raise on $60,000 adds $6,000/year.
Understanding a raise percentage
A 3% or 5% raise is a calculation example, not a guaranteed or typical market raise. Actual increases vary by employer, role and timing. Compare your offer with your contract and gross pay records before making a decision.
Also try our percentage increase calculator or future salary calculator.