Pay raise calculator: percent, new pay and what it adds up to

Pay raiseExample values: change anything

You are paid

Current pay per hour

I know

Raise (%)

Hours per week

The formula

Raise percentage equals new pay minus old pay, divided by old pay, times 100. New pay equals old pay times one plus the percentage. At $20 an hour, a 5% raise is $21.

For a yearly figure, hourly pay is multiplied by hours per week and 52 weeks. Forty hours a week is 2,080 hours a year.

Before tax

Every number here is before tax. Your take-home increase is smaller. If you work overtime, a raise also lifts your overtime rate, because overtime is a multiple of your regular rate.

To see what a paycheck looks like after federal tax, try the Texas or Florida paycheck calculator.

Related calculators

How do I calculate a pay raise percentage?

Subtract your old pay from your new pay, divide by your old pay, and multiply by 100. Going from $20 to $21 an hour is $1 divided by $20, which is a 5% raise.

How much is a 3% raise on $50,000?

A 3% raise on $50,000 is $1,500 more per year, so $51,500. That is about $28.85 more per week before tax.

How do I turn a raise into an hourly amount?

Divide the yearly raise by the hours you work in a year. This calculator uses your hours per week times 52, so 40 hours a week is 2,080 hours.