Raise Calculator
Calculate your new salary or your raise percentage
Frequently Asked Questions
New salary = current salary × (1 + raise percentage). For example, a 5% raise on a $60,000 salary is $60,000 × 1.05 = $63,000, a $3,000 increase.
Raise percentage = (new salary − old salary) ÷ old salary × 100. Going from $60,000 to $63,000 is a ($3,000 ÷ $60,000) × 100 = 5% raise.
Average annual merit raises in the US commonly fall in the 3-5% range, though this varies significantly by industry, company performance, role, and whether it's a standard cost-of-living adjustment vs. a promotion or performance-based increase.
No — this calculates your gross salary change only. Your actual take-home increase will be smaller after additional federal, state, and FICA tax withholding on the higher amount.
Enter the current inflation rate to see your "real" (inflation-adjusted) raise: real raise % = (1 + nominal raise) ÷ (1 + inflation) − 1. If your nominal raise is smaller than inflation, your purchasing power actually decreased even though your paycheck went up in dollar terms.