How to Calculate a Pay Raise (Percentage & Dollar Amount)
Whether you're negotiating or just got an offer, it helps to translate a raise into real numbers: your new salary, the annual increase, and how much extra lands in each paycheck.
Percentage raise to new salary
A 5% raise on $60,000 adds $3,000, taking you to $63,000. Spread over 26 bi-weekly paychecks, that's about $115 more per pay period before tax.
Dollar raise to percentage
| Current salary | Raise | New salary | Increase |
|---|---|---|---|
| $50,000 | 3% | $51,500 | $1,500 |
| $60,000 | 5% | $63,000 | $3,000 |
| $80,000 | 7% | $85,600 | $5,600 |
Why your take-home gain is smaller
A raise is taxed at your marginal rate, so part of every extra dollar goes to federal, state and FICA taxes. Your gross raise looks bigger than the net amount you actually keep — check the take-home calculator for the real difference.
Run your own numbers
Convert salary to hourly and estimate your take-home pay in seconds.
Open the calculatorFrequently asked questions
How do I calculate a percentage pay raise?
Multiply your current salary by the raise percentage divided by 100, then add it on. A 5% raise on $60,000 is $3,000, giving a new salary of $63,000.
How do I convert a dollar raise into a percentage?
Divide the raise amount by your current salary and multiply by 100. A $3,000 raise on $60,000 is a 5% increase.