Pay Raise Calculator
See your new salary or hourly wage after a raise, the raise per paycheck, and whether it beats inflation
Your Pay
Used to convert to and from hourly pay
To see your raise in real terms
Your raise
+5.00%
$60,000 → $63,000 a year (+$3,000) · 1.94% after 3% inflation
New yearly pay
$63,000
was $60,000
Change per month
+$250.00
+$3,000 a year, before tax
New hourly rate
$30.29
was $28.85 at 40 hours a week
Real raise after inflation
1.94%
Ahead of inflation: your buying power grows
Yearly pay before and after
+$3,000 a year
Your pay over 10 years
If you got a 5.0% raise every year, vs only keeping up with 3% inflation
Your Pay Before and After
| Pay Period | Current | New | Change |
|---|---|---|---|
| Hourly | $28.85 | $30.29 | +$1.44 |
| Weekly | $1,153.85 | $1,211.54 | +$57.69 |
| Every two weeks | $2,307.69 | $2,423.08 | +$115.38 |
| Twice a month | $2,500.00 | $2,625.00 | +$125.00 |
| Monthly | $5,000.00 | $5,250.00 | +$250.00 |
| Yearly | $60,000.00 | $63,000.00 | +$3,000.00 |
Gross pay before tax. Hourly figures assume 40 hours a week, 52 weeks a year.
Is Your Raise Really a Raise?
A raise only increases your buying power if it beats inflation. A 3% raise in a year with 3% inflation leaves you where you started. This calculator converts your raise to every pay period, so you can see the difference on each paycheck, and shows the real raise after inflation.
The Formulas
Raise % = (new pay − old pay) ÷ old pay × 100
Real raise = (1 + raise) ÷ (1 + inflation) − 1
Yearly pay = hourly × hours a week × 52
Take-home pay rises by less than the gross raise because of tax.
Asking for a Raise
- •Research the market rate for your role and location
- •List concrete results you've delivered since your last raise
- •Time the request around reviews and budget planning
- •Consider the whole package: bonus, 401(k) match, time off
- •Ask what you'd need to achieve for the next raise