Pay Raise Calculator
Calculate your new salary, annual increase, monthly increase and percentage raise.
Enter your values and press Calculate.
Tip: country presets are starting points only. Replace rates and prices with your actual figures whenever possible.
How this calculator works
The raise percentage is multiplied by current salary to calculate the annual increase, which is then added to current salary.
Formula
A 5% raise on $60,000 adds $3,000 annually and produces a new salary of $63,000 before taxes.
Getting a more accurate result
- Use gross annual salary for a gross-pay comparison.
- Remember that take-home pay may change by a different amount because of taxes and benefits.
- For hourly workers, convert hourly pay to annual salary first or apply the percentage directly to the hourly rate.
Understanding your result
The result is intended for comparison and planning. Real-world costs can differ because of local taxes, fees, tariffs, financing, usage patterns, equipment efficiency, rounding and other conditions. For important decisions, verify the inputs against your bill, contract, lender, employer or other authoritative source.
Frequently asked questions
Does this calculate take-home pay?
No. It calculates gross pay before taxes and deductions.
Can I enter a negative percentage?
Yes, which can model a pay reduction.
What if my raise is a fixed amount?
Convert the fixed increase to a percentage or simply add it to current salary.
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Updated for CostMeter V1.2 • September 2026