Pay Raise Calculator

Enter your current pay and a raise — as a percent or a dollar amount — and see your new salary broken down by paycheck.

New pay
—
Raise—
Per month (gross)—
Per biweekly paycheck—

All figures are gross (before taxes and deductions).

Pay Raise Calculator — free from paycheckkit.com

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How the pay raise calculation works

A percentage raise multiplies your current pay by the raise rate; a dollar raise simply adds to it. The formulas:

new pay = current pay × (1 + raise % ÷ 100)
raise % = raise amount ÷ current pay × 100

Hourly workers can use the same math: a 5% raise on $22/hour is $23.10. To convert an hourly raise into annual terms, multiply the hourly increase by your yearly hours (2,080 for a standard 40-hour week).

A worked example

Say you earn $65,000 and your manager offers 5%. Your raise is $65,000 × 0.05 = $3,250, so your new salary is $68,250. Spread over 26 biweekly paychecks, that's $125 more per check before taxes. If inflation is running at 3%, your real raise is roughly 2% — worth knowing before you decide whether to negotiate.

Negotiating tip: anchor in percent, check in dollars

Companies budget raises in percentages, but you spend dollars. A "6% raise" sounds generous until you see it's $46 a week. Run both views in the calculator above so you know what a counteroffer is actually worth before you accept.

Frequently asked questions

How do I calculate a pay raise percentage?

Divide the raise amount by your current salary and multiply by 100. For example, a $4,000 raise on a $65,000 salary is 4,000 ÷ 65,000 × 100 = 6.15%.

What is a good pay raise in 2026?

Typical annual merit increases in the US run 3–5%. A promotion usually brings 10–15%, and switching companies often yields 10–20%. Anything at or below inflation is effectively a pay cut in real terms.

How much is a 3% raise on $50,000?

A 3% raise on $50,000 is $1,500 per year, bringing the new salary to $51,500 — about $125 more per month before taxes.

Will a raise change my take-home pay by the same amount?

No. The raise figures here are gross (pre-tax). Your take-home increase will be smaller once federal, state, and payroll taxes are withheld. Only the income above your old salary is taxed at your top marginal rate — a raise never lowers your overall take-home pay.

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