ToolCalcu

Pay Raise Calculator

Compare your pay before and after a raise. Enter a percentage, an amount or the new pay itself and see the other numbers side by side.

Your pay

Any pay period works (hourly, monthly, yearly) as long as you use the same one for the new pay.

Result

Please correct the highlighted fields.
New pay
$52,000.00
Current pay
$50,000.00
Change
+$2,000.00
Change in percent
+4%

How a pay raise is calculated

A raise can be described in three equivalent ways: as a percentage of your current pay, as a fixed amount, or as the new pay. Each one determines the other two, and the calculator shows all of them together.

Money is rounded to the cent. If you enter a new pay lower than the current pay, the change and the percentage are shown as negative, so the tool also works for pay cuts.

Formulas used

New pay = Current pay × (1 + Raise % ÷ 100)
New pay = Current pay + Raise amount
Change = New pay − Current pay
Change % = Change ÷ Current pay × 100

Worked example

Current pay 50,000 and a 4% raise:

  1. Raise amount: 50,000 × 4 ÷ 100 = 2,000
  2. New pay: 50,000 + 2,000 = 52,000

New pay: $52,000.00 (+$2,000.00, +4%).

Assumptions and limits

  • Current pay and new pay must use the same period, for example both per year.
  • The percentage is calculated on the current pay, not on a later or adjusted figure.
  • If the current pay is 0 the percentage change is undefined and is shown as a dash.
  • The currency choice only changes how amounts are displayed. No exchange rates are applied.

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