# Pay raise calculator

> Free pay raise calculator. Enter your current pay and a raise percent or new amount to see your new salary by the hour, month and year.

Canonical: https://jobunlocked.com/pay-raise-calculator

See your new pay after a raise, or work out what percent raise an offer really is. Hourly, monthly or yearly.

## How to calculate a pay raise

To find your new pay, multiply your current pay by 1 plus the raise as a decimal. A 4% raise on $50,000 is $50,000 × 1.04 = $52,000.

To find the raise percent, take the new pay minus the old pay, divide by the old pay and multiply by 100. Going from $50,000 to $53,500 is a 7% raise.

Compare the raise with inflation for the same year. If prices rose faster than your pay, your money buys less than before, even after the raise.

## Frequently asked questions

### How do I calculate my pay raise?

Divide the increase by your old pay and multiply by 100. From $25 to $26 an hour is a $1 increase, and $1 ÷ $25 × 100 = 4%. To go the other way, multiply your pay by 1 plus the percent as a decimal.

### Is a 4% increase a good raise?

It's a little above typical. WTW's July 2026 survey found US employers expect average salary increase budgets of 3.4% for 2027. A raise also needs to beat inflation for that year to grow what your pay can buy.

### Is a 3% raise really a raise?

In dollars, yes. In buying power, only if prices rose by less than 3% over the same year. Check the yearly inflation rate where you live and compare the two.

### Is it normal to get a 5% raise every year?

Not for most people. Yearly raises usually land a little above 3%, so 5% every year is above average. Bigger jumps tend to come with a promotion or a new job.

### How much is a 10% raise on $60,000?

$6,000 more a year, for a new salary of $66,000. That's $500 more a month before tax, or about $2.88 more an hour at 40 hours a week.

### Should I ask for a raise or look for a new job?

Ask first if you like the work and have results to point to. If the answer is no, compare what similar jobs pay elsewhere. A new job is often where the biggest pay jumps happen.

## Sources

- WTW, WTW Salary Increase Budgets Expected to Average 3.4% in 2027: https://www.wtwco.com/en-us/news/2026/07/employers-shift-from-bigger-pay-budgets-to-smarter-pay-strategies-wtw-finds

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