Salary Increase Calculator

How to calculate a raise

A percentage raise multiplies your current salary by the percentage. A 5% raise on $60,000 adds $3,000, taking you to $63,000. Switch to the dollar mode if you know the exact amount and want to see what percentage it represents.

New salary = current salary × (1 + raise % ÷ 100)

New salary after a 3%, 5% or 10% raise

Quick reference for common raises on popular salaries. These are gross (before-tax) new-salary figures — use the calculator above for the exact per-paycheck difference.

How a raise affects your take-home pay

The new-salary figure above is gross. Because a raise can push part of your income into a higher tax bracket, your take-home gain is a little smaller than the headline number. To see exactly what lands in your account after federal, FICA and state taxes, run the new salary through the take-home pay calculator. For the full method behind percentage and dollar raises, read our guide on how to calculate a pay raise.

Salary increase calculator FAQ

How do I calculate a salary increase?

Multiply your current salary by the raise percentage to get the increase, then add it to your current salary. A 5% raise on $60,000 is $3,000, giving a new salary of $63,000.

What is a good salary increase percentage?

Typical annual raises run about 3–5%, while promotions or job changes often bring 10–20% or more. Anything above inflation means real growth in your pay.

How much is a 5% raise on $60,000?

A 5% raise on a $60,000 salary adds $3,000 per year, taking you to $63,000 — about $250 more per month before taxes.

Is a 5% raise good?

A 5% raise is at the upper end of a typical annual increase and beats most years' inflation, so it represents real growth in your buying power. For a promotion or a job change, though, 10–20% is more common, so it's worth benchmarking against the move you're making.

How do I calculate a 3% raise?

Multiply your current salary by 0.03 and add it back. On $50,000 a 3% raise is $1,500, taking you to $51,500 — roughly $125 more per month before taxes.

How much is a 10% raise?

A 10% raise multiplies your salary by 1.10. On $60,000 that's an extra $6,000 a year for a new salary of $66,000 — about $500 more per month before taxes. Larger raises like this usually come with a promotion or a new job.

Does a raise change my tax bracket?

A raise can push part of your income into a higher tax bracket, but only the dollars above the bracket threshold are taxed at the higher rate — your whole salary is never taxed at one rate. That's why your take-home increase is a little smaller than the gross raise.