ToolBark
Finance

Pay Raise Calculator

See your new salary instantly — by percent or dollar raise

Salary Details

Raise Type

Typical raise: 3–5% · Promotion: 10–20%

Your New Salary

+5.00% raise+$3,000 / year+$250.00 / month
Annual Salary
$60,000$63,000
Monthly Pay
$5,000.00$5,250.00
Bi-weekly Pay
$2,307.69$2,423.08
Hourly Rate (40h/wk)
$28.85$30.29

Raise Visualized

$60,000+$3,000

Red section = your current salary · Gray extension = raise amount (5.00% of base)

PeriodCurrentNewDifference
Annual$60,000$63,000+$3,000
Monthly$5,000.00$5,250.00+$250.00
Bi-weekly$2,307.69$2,423.08+$115.38
Weekly$1,153.85$1,211.54+$57.69
Hourly$28.85$30.29+$1.44

Quick Summary

Raise %

5.00%

Annual Increase

$3,000

Monthly Increase

$250.00

How This Calculator Works

Enter your current salary in any pay period — annual, monthly, bi-weekly, weekly, or hourly. Then specify your raise as a percentage or a dollar amount. The calculator converts everything to an annual figure, applies the raise, and breaks down your new salary across all common pay periods so you can see exactly how your take-home changes.

  • Percent mode: great when HR quotes a "5% cost-of-living adjustment"
  • Amount mode: use when you know the exact dollar increase per paycheck or year
  • All periods shown: see monthly, bi-weekly, weekly and hourly at a glance

Note: Results show gross (pre-tax) salary figures. Your actual take-home pay will depend on federal, state, and local taxes, benefits deductions, and other withholdings. Consult a payroll professional for net pay estimates.

About

The Pay Raise Calculator helps you instantly find your new salary after a raise — whether your employer quotes a percentage or a fixed dollar amount. Enter your current pay in any period (annual, monthly, bi-weekly, weekly, or hourly), specify the raise, and get a full breakdown across every pay period so you know exactly what lands in your paycheck.

FAQ
How do I calculate my new salary after a percentage raise?+

Multiply your current annual salary by the raise percentage, then add the result to your current salary. For example, a 5% raise on $60,000 gives a $3,000 increase, bringing your new salary to $63,000.

Can I enter my salary as hourly or monthly instead of annual?+

Yes. Select your pay period from the dropdown — annual, monthly, bi-weekly, weekly, or hourly. The calculator converts everything to an annual figure automatically, then shows results across all periods.

What is the difference between a raise by amount vs. by percentage?+

A raise by percentage scales with your current salary (e.g., 5% always keeps pace relative to your pay), while a raise by fixed dollar amount is an absolute increase that represents a larger percentage for lower earners and a smaller one for higher earners.

Does this show my take-home pay after taxes?+

No — all figures are gross (pre-tax) salary. Your actual take-home pay depends on federal and state income taxes, Social Security, Medicare, and any benefit deductions. Use a paycheck calculator for net pay estimates.

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