Pay Raise Calculator
See your new salary and per-period pay after a raise.
Results
See the real impact of a pay raise on your income across different pay periods. Enter your current salary and the raise percentage to see your new annual salary, the raise amount in dollars, and breakdowns for monthly, biweekly and hourly equivalents.
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Frequently asked questions
Average annual raises are 3-5% for standard performance. Promotions typically come with 10-20%. A raise that matches inflation (3-4%) means your real purchasing power stays flat. Anything above inflation is a real increase.
A 3% raise on $60,000 adds $1,800/year ($150/month, $69.23/biweekly). After taxes (assuming 25% effective rate), the increase is about $112.50/month take-home.
Almost always yes. Research market rates for your role, document your accomplishments, and ask for a specific number (typically 10-20% above the initial offer for a promotion, or 5-8% for a merit raise). Most managers expect some negotiation.
A raise is better long-term because it compounds. A 5% raise this year means every future raise and your next job's salary negotiation starts from a higher base. A $3,000 bonus is a one-time payment.
Only the additional income is taxed at a higher marginal rate. A $5,000 raise does not cause your entire salary to be taxed more - just the extra $5,000. The net benefit depends on your marginal tax bracket.