Calculator
Salary increase calculator
Enter a percent, a dollar amount, or your new pay to get the percent.
New pay$62,400 a year+$2,400 (4%)
| Per month | $5,000.00 → $5,200.00 |
|---|---|
| Every two weeks (26) | $2,307.69 → $2,400.00 |
| Per week | $1,153.85 → $1,200.00 |
| Per hour (2,080 h) | $28.85 → $30.00 |
Before tax. Run the new salary through the paycheck calculator to see the raise after federal, FICA and state tax.
How to calculate a pay raise
Multiply your current pay by the raise percentage and add it on. To find the percentage from two numbers, divide the difference by the old pay:
- Raise amount = current pay × raise % ÷ 100. $60,000 × 4% = $2,400.
- New pay = current pay + raise amount = $62,400.
- Percent increase = (new − old) ÷ old × 100. From $52,000 to $55,000: $3,000 ÷ $52,000 = 5.77%.
- Hourly equivalent = annual pay ÷ 2,080 (40 hours × 52 weeks). $62,400 ÷ 2,080 = $30.00 an hour.
Pay increase calculator table
| Salary | +2% | +3% | +4% | +5% | +7% | +10% |
|---|---|---|---|---|---|---|
| $40,000 | $40,800 | $41,200 | $41,600 | $42,000 | $42,800 | $44,000 |
| $50,000 | $51,000 | $51,500 | $52,000 | $52,500 | $53,500 | $55,000 |
| $60,000 | $61,200 | $61,800 | $62,400 | $63,000 | $64,200 | $66,000 |
| $75,000 | $76,500 | $77,250 | $78,000 | $78,750 | $80,250 | $82,500 |
| $90,000 | $91,800 | $92,700 | $93,600 | $94,500 | $96,300 | $99,000 |
| $120,000 | $122,400 | $123,600 | $124,800 | $126,000 | $128,400 | $132,000 |
What a raise is worth after taxes
A raise is taxed at your top bracket, so you keep less of the raise than of your average dollar. A single worker moving from $60,000 to $62,400 in Texas pays 12% federal income tax plus 7.65% FICA on the extra $2,400, keeping about $1,928, or $74.17 more per biweekly paycheck. In a state with income tax the state takes its marginal rate too: run both salaries through the paycheck calculator or a state page such as the California paycheck calculator.
Pre-tax savings soften the bite. If you raise your 401(k) contribution by the same 4%, take-home barely moves while your retirement savings grow by the full raise.
Is your raise keeping up?
Compare your raise with how pay is moving in general. US wages and salaries rose 3.1% in the 12 months ending September 2026, according to the Employment Cost Index, for both civilian and private-industry workers[eci]. A raise below that means your pay fell behind the typical worker; below inflation means it buys less than last year. The Bureau of Labor Statistics publishes inflation (the CPI) each month[cpi].
- Merit raise: a percent of salary tied to performance, usually once a year.
- Cost-of-living adjustment: a raise meant to offset inflation; Social Security and many union contracts use one.
- Promotion: a new role and pay grade, often a bigger jump than a merit raise. In sales roles the raise may come as a higher rate instead; the commission calculator shows what a new rate pays.
- Hourly raise: $1 more an hour on a 40-hour week is $2,080 a year. Overtime is paid on the new rate; see the time and a half calculator.
Frequently asked questions
How do I calculate a 3% raise?
Multiply your pay by 0.03 and add it: $50,000 × 0.03 = $1,500, so the new salary is $51,500. For an hourly rate, $20 × 1.03 = $20.60.
How does a salary increase calculator find the percent?
It divides the difference by the old salary: (new − old) ÷ old × 100. Going from $70,000 to $74,000 is a 5.71% increase.
What is a good pay raise in 2026?
A useful benchmark is the Employment Cost Index: wages and salaries rose 3.1% in the year to September 2026. A raise above that beats the typical worker; job changes and promotions often bring more.
How much of a raise do I keep after taxes?
Roughly the raise × (1 − your federal bracket − 7.65% FICA − your state rate). In the 12% bracket with no state tax, you keep about 80 cents of each raise dollar.