Pay Raise Calculator
Calculate new pay from a raise percentage or compare old and new pay.
Find the raise percentage from old and new pay
If salary rises from $50,000 to $53,000, the increase is $3,000. $3,000 ÷ $50,000 = 0.06, so the raise is 6%.
Find new pay from a raise percentage
A $20 hourly wage with a 5% raise becomes $21 per hour because $20 × 1.05 = $21.
Hourly raise example
If pay rises from $18.50 to $20.00 per hour, the increase is $1.50. Divide $1.50 by $18.50 and multiply by 100 to get about an 8.11% raise.
Annual salary and hourly equivalents
To estimate annual pay from an hourly wage, use the hourly to salary calculator. For general percentage math, see how to calculate percentage increase or use the percentage change calculator.
Frequently asked questions
How do I calculate a 3% raise?
Multiply current pay by 1.03. The increase itself is current pay multiplied by 0.03.
Is a bonus the same as a raise?
No. A raise changes the ongoing pay rate, while a bonus is typically a separate payment.