Freelance calculators
Pay Raise Calculator
Calculate the amount of a raise and the resulting new salary. Your inputs stay in this browser.
Live calculator
Enter your numbers
What this calculator measures
A pay raise applies a percentage increase to current annual salary and shows both the increase and new salary.
Formula
New Salary = Current Salary x (1 + Raise %)
Inputs and variables
- Current salary
- Enter the money amount used by this formula.
- Raise
- Enter the percentage used by this formula.
- Hours per week
- Used only to convert the new salary into an hourly rate. Leave at 40 for standard full-time hours.
How to use the calculator
- Choose a display currency when money fields are present.
- Enter values that cover the same period, scope, and currency.
- Review the result, formula, and worked example before using the estimate in a decision.
- Change one assumption at a time to understand what drives the result.
Worked example
- 1A 5% raise on $60,000 is $3,000.
- 2The new annual salary is $63,000.
How to interpret the result
Compare gross and inflation-adjusted changes separately; take-home pay depends on taxes and deductions.
Common mistakes and limits
- Applying the percentage to take-home pay, ignoring effective date, or treating a bonus as recurring salary.
Frequently asked questions
Does this show monthly pay?
Divide the annual values by 12 for a simple monthly equivalent.
Is the increase after tax?
No. Results are gross amounts.
Can a raise exceed 100%?
This calculator limits percentage inputs to 100.