Raise Calculator
Calculate your new salary after a raise percentage. See the dollar increase and compare your old and new pay across all pay periods.
New Annual Salary
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Annual Increase
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Monthly Increase
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Bi-Weekly Increase
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Weekly Increase
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New Monthly Pay
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New Bi-Weekly Pay
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New Hourly Rate (40hr/wk)
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How to Use the Raise Calculator
- Enter your current salary: Type your current annual salary before the raise.
- Enter the raise percentage: Type the percentage increase offered.
- View results: Instantly see your new salary and the increase across all pay periods.
Raise Formula
- New Salary: Current Salary x (1 + Raise% / 100)
- Dollar Increase: Current Salary x (Raise% / 100)
Typical Raise Ranges
| Raise Type | Typical Range |
|---|---|
| Cost of living adjustment | 2% - 3% |
| Merit raise | 3% - 5% |
| Promotion | 10% - 20% |
| Job change | 10% - 30% |
| Exceptional performance | 5% - 10% |
Frequently Asked Questions
What is a good raise percentage?
A typical annual merit raise is 3-5%. Raises at or below the inflation rate (around 2-3%) maintain your purchasing power but don't represent a real increase. A promotion typically comes with a 10-20% raise. When changing jobs, 10-30% increases are common.
How often should I get a raise?
Most companies conduct annual salary reviews. However, you may also receive raises with promotions, after completing probation, or when taking on additional responsibilities. If you haven't received a raise in over a year, it may be time to discuss compensation with your manager.
Does a raise affect my taxes?
A raise increases your gross income, which may push some of your income into a higher tax bracket. However, only the income in the higher bracket is taxed at the higher rate, not your entire salary. You will still take home more money after a raise.