Most annual raises are 3% to 5%.
All figures are gross pay, before tax and deductions. This calculator works in both directions: enter a raise percentage to get your new salary, or enter your new salary to find the percentage.
A 5% raise on $60,000
$60,000 + 5% raise ($3,000) = $63,000 — that is $250.00 more per month
| Current Annual Pay | — |
| Raise Percentage | — |
| Raise Amount (per year) | — |
| Real Raise (after inflation) | — |
| New Annual Salary | — |
| Hourly | — |
| Weekly | — |
| Bi-Weekly | — |
| Monthly | — |
| Annual | — |
Generated with the free Pay Increase Calculator at calcversa.com. All figures are gross pay, before tax and deductions, based on the values you entered.
A pay increase is calculated with one formula: new pay = current pay × (1 + raise % ÷ 100). A 5% raise on a $60,000 salary is $60,000 × 1.05 = $63,000 – a $3,000 increase, worth $250 more per month. Working backwards is just as simple: raise % = (new pay − old pay) ÷ old pay × 100. Our pay increase calculator does both directions instantly, and also shows your real raise after inflation.
A raise sounds simple until you try to picture what it actually pays. “5%” feels abstract – but $250 more per month, or $1.44 more per hour, is real. This salary raise calculator turns any raise into the numbers that matter: your new salary, the exact increase in cash, and what lands in each paycheck. It works however your employer phrases the raise – as a percentage, a flat amount, or a new salary figure in an offer letter – and it works for hourly wages too, so a $0.75 hourly bump becomes an annual number you can compare. It even adjusts for inflation, because a 3% raise in a 4% inflation year is quietly a pay cut. No spreadsheets, no sign-up – just your raise, in plain numbers.
Worked example 2 (hourly wage). You earn $25 per hour and get a 3% raise:
| Current Salary | +2% Raise | +3% Raise | +5% Raise | +10% Raise |
|---|---|---|---|---|
| $30,000 | $30,600 | $30,900 | $31,500 | $33,000 |
| $40,000 | $40,800 | $41,200 | $42,000 | $44,000 |
| $50,000 | $51,000 | $51,500 | $52,500 | $55,000 |
| $60,000 | $61,200 | $61,800 | $63,000 | $66,000 |
| $75,000 | $76,500 | $77,250 | $78,750 | $82,500 |
| $100,000 | $102,000 | $103,000 | $105,000 | $110,000 |
No. “Pay raise”, “pay increase”, “salary increase” and “salary hike” all describe the same thing: your pay going up. Employers and offer letters use the terms interchangeably, and the math never changes. This page is a pay increase calculator and a salary raise calculator in one — whichever phrase you searched for, you are in the right place.
Multiply your current pay by the raise percentage to get the increase, then add it on. Example: a 5% raise on $60,000 is $60,000 × 0.05 = $3,000, giving a new salary of $63,000. Or enter your numbers in the pay increase calculator above and get the answer instantly, broken down per hour, week and month.
New salary = current salary × (1 + raise % ÷ 100). To find the percentage from two salaries instead: raise % = (new salary − old salary) ÷ old salary × 100. A move from $60,000 to $66,000 is (66,000 − 60,000) ÷ 60,000 × 100 = a 10% raise.
A 5% raise on $60,000 is $3,000 per year - a new salary of $63,000. That works out to $250 more per month, $115.38 more per bi-weekly paycheck, or $1.44 more per hour at 40 hours a week.
Around 3% to 4% is a typical annual merit raise in 2026; employer budgets averaged about 3.5% overall. A raise of 5% or more is above average. The real test is inflation: if your raise is smaller than inflation, your purchasing power still fell — the calculator above shows this as your "real raise".
Yes. Pay raise, pay increase, salary increase and salary hike are different names for the same thing, and every one of them is calculated the same way. This calculator accepts the raise as a percentage, a flat amount or a new salary, whichever your employer used.
No - all figures are gross pay, before tax and deductions, because tax depends on your country, state and personal situation. To turn a gross salary into hourly, weekly or monthly figures, use our Salary Calculator; for extra hours at a higher rate, try the Overtime Calculator.
The same formula applies per hour: new rate = current rate × (1 + raise % ÷ 100). A 3% raise on $25/hr gives $25.75/hr. Set "Paid: Per Hour" in the calculator and it will also show what that hourly raise is worth per week and per year.
Disclaimer: This calculator provides estimates for general information only and does not constitute financial advice. Please consult a qualified financial advisor before making financial decisions.
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