Pay Raise Calculator
Calculate your new salary after a percentage raise, or the raise percentage between two salaries, per year, month and paycheck.
How to calculate a raise
New salary = Current salary × (1 + raise% ÷ 100) Raise % = (New − Current) ÷ Current × 100
A 4% raise on $60,000 gives a new salary of $62,400: $2,400 more a year, $200 a month or about $92 per biweekly paycheck before tax.
What is a typical raise?
US employer salary surveys have recently projected average merit budgets of roughly 3–4% a year. Promotions usually bring 10–15%, and changing employers often brings a larger jump than staying. Compare any raise with inflation: a 3% raise in a year with 3% inflation leaves your purchasing power unchanged.
Negotiating a raise
- Research market pay for your role and location from several sources.
- Document results: revenue earned, costs saved, projects delivered.
- Ask for a specific number, slightly above your target.
- Time the request around reviews or after a clear win, and consider non-salary items such as remote work, training or extra leave.
Frequently asked questions
What is a 5% raise on $50,000?
$2,500 a year, making the new salary $52,500, or about $208 more per month before tax.
Is a 3% raise good?
It is close to the typical annual merit increase in the US. Whether it is good depends on inflation and on what your role pays elsewhere.
How much of my raise will I keep after tax?
You keep the raise minus your marginal tax rate and FICA. A worker in the 22% bracket with 4% state tax keeps about 66% of each extra dollar.
Last reviewed Oct 20, 2026. Results are estimates; check important decisions with a qualified professional.