How to use this pay raise calculator
Enter the values requested above and select Calculate. Change any input to compare another scenario. The calculation runs locally in your browser and does not require an account.
Formula and method
Example
A 4% raise on a $60,000 salary adds $2,400 per year and produces a new annual salary of $62,400.
Tips for a useful result
This is a gross-pay calculation and does not estimate taxes or benefit deductions.
What this calculator is useful for
Calculate a new salary or wage, dollar increase and approximate monthly increase from a percentage raise. The result is intended for quick estimates, checking arithmetic and comparing scenarios. When a result affects a contract, tax filing, medical decision, building-code requirement or other high-stakes situation, verify the result with the appropriate professional or authoritative source.
Frequently asked questions
What does the Pay Raise Calculator calculate?
Calculate a new salary or wage, dollar increase and approximate monthly increase from a percentage raise.
How does the Pay Raise Calculator work?
New pay = current pay × (1 + raise percentage).
Is the Pay Raise Calculator free to use?
Yes. ERICH Calculators is free to use and does not require an account.