# Pay Raise Calculator

URL: https://speedycalculator.com/calculators/finance/pay-raise/
Last updated: 2026-10-25

> The pay raise calculator works out your new pay after a raise – entered as a percentage or an amount – in hourly, weekly, monthly and annual terms, and the real raise after inflation.

## Inputs

- Current pay is
- Current pay
- Hours per week
- Raise given as
- Raise
- Inflation this year (%)

## Results

- Annual pay before
- Annual pay after the raise
- Monthly pay after
- Weekly pay after
- Hourly pay after
- Raise in percent
- Real raise after inflation

## Formula

```
New pay = current pay × (1 + raise %) or current pay + raise amount
Annual = hourly × hours per week × 52
Real raise = (1 + raise) ÷ (1 + inflation) − 1
```

## Explanation

A raise that doesn't keep up with inflation is a pay cut in real terms. Knowing the raise in every period helps compare offers quoted differently.

### How to use the Pay Raise Calculator

- **Current pay is**
- **Current pay**
- **Hours per week**
- **Raise given as**
- **Raise**
- **Inflation this year**

Results update as you type, and every field accepts the units shown in its menu.

### How it works

Choose how your current pay is quoted, enter it and the hours per week, then the raise as a percentage or an amount, and inflation.

### Tips

- Tax figures here are estimates for planning – your actual tax depends on credits, deductions and local rules.
- Check the tax year and filing status before you rely on a result.
- Use gross (before-tax) figures unless a field asks for take-home pay.
- When in doubt, confirm with the tax authority's own calculator or a tax professional.

### Common mistakes to avoid

- Confusing marginal and effective tax rates.
- Adding sales tax to a price that already includes it.
- Forgetting payroll taxes (Social Security and Medicare) on wages.

### Inputs explained

FieldWhat to enterCurrent pay isChoose one: Hourly, Weekly, Monthly, AnnualCurrent payAmount in your currencyHours per weekA numberRaise given asChoose one: Percentage, Amount (same period as pay)RaiseA numberInflation this yearIn %

### What each result means

- **Monthly pay after** = [Annual pay after the raise]÷12
- **Weekly pay after** = [Annual pay after the raise]÷52
- **Hourly pay after** = [Annual pay after the raise]÷52÷[Hours per week]
- **Raise in percent** = ([Annual pay after the raise]÷[Annual pay before] - 1)×100
- **Real raise after inflation** = (([Annual pay after the raise]÷[Annual pay before])÷(1 + [Inflation this year]÷100) - 1)×100

### Example values

How the main result changes when **Current pay** changes and everything else stays at the example values above:

Current payAnnual pay after the raise30,00031,20045,00046,80060,00062,40075,00078,00090,00093,600120,000124,800

## Worked example

Inputs — Current pay is: Annual; Current pay: $60,000; Hours per week: 40; Raise given as: Percentage; Raise: 4; Inflation this year: 2.7 %.

Results — Annual pay before = $60,000.00; **Annual pay after the raise = $62,400.00**; Monthly pay after = $5,200.00; Weekly pay after = $1,200.00; Hourly pay after = $30.00; Raise in percent = 4 %; Real raise after inflation = 1.27 %.

## FAQ

**What is a good pay raise?**
3–5% a year is typical; more for a promotion or job change.

**How do I calculate a raise percentage?**
(New pay − old pay) ÷ old pay × 100.

**What is a real raise?**
The raise after adjusting for inflation.

**What formula does the Pay Raise Calculator use?**
New pay = current pay × (1 + raise %) or current pay + raise amount.