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Pay Raise Calculator

Find your new pay after a percentage or amount raise, or the percentage a new pay represents.

Change the values and press Calculate to work out your own figures.

Enter your pay and the raise.

About payThe amount you're paid.
About pay is perThe period of your pay.
About raiseHow the raise is given.
About raiseThe percentage, amount or new pay.
About currencyChanges how amounts are shown, not the math; your choice is remembered on this device.
About hours a week (optional)40 if blank.
Result
New pay
$20.60
Raise
3% ($0.60 a hour)
Yearly
$41,600.00 → $42,848.00

Your new pay is $20.60 a hour.

Show the working
  1. new pay = pay × (1 + %), or pay + amount
  2. % = (new − old) ÷ old

How to use it

Enter your pay and the raise.

Enter amounts without commas or with them; rates are percentages (5 for 5%). Negative amounts are allowed where a sign means money paid out.

Key facts

new pay = pay × (1 + %), or pay + amount; % = (new − old) ÷ old

Questions

What is a 3% raise on $20 an hour?

$20.60.

Formulas

new pay = pay × (1 + %), or pay + amount; % = (new − old) ÷ old

Sources

Limitations

  • Results are estimates for planning, not offers or financial advice; lenders and banks may round, count days or time payments differently.
  • Rates are nominal annual rates compounded as you choose; payments at a different frequency use the equivalent periodic rate.

Formula version 0.1.0Reviewed