How to calculate a pay raise
Enter current pay and either the percentage, fixed increase, or target pay. For hourly wages, set your usual weekly hours to create an annual comparison.
Pay raise calculator
Make the raise
feel concrete.
Translate a percentage or offer into the numbers that reach your budget: annual, monthly, weekly, and each paycheck.
New gross pay+7.5%
$64,500per year
Annual increase+$4,500
Per month+$375
Per week+$86.54
Per paycheck+$173.0826 paychecks per year
Before$60,000After$64,500
US gross-pay estimate in USD, before taxes, deductions, benefits, bonuses, overtime, or changes in hours. The 40-hour default is editable.
What does 7.5% look like?
A percentage is applied to current gross pay. The paycheck estimate divides the annual difference by your selected pay frequency.
Why gross pay?
Take-home pay depends on location, filing status, benefits, and deductions. This tool keeps the comparison transparent and does not estimate taxes.
Check the numbers
How the pay raise is calculated
Formula
New pay = current pay × (1 + raise percentage ÷ 100)
The annual difference is divided by 12 for a monthly average and by 52 for a weekly average. Hourly pay is annualized as hourly rate × weekly hours × 52.
Worked example
- Current salary
- $60,000
- Raise
- 7.5%
- New salary
- $64,500
- Monthly / biweekly gain
- $375 / $173.08
Reviewed September 22, 2026. Pay-period options use the 52 weekly, 26 biweekly, 24 semimonthly, and 12 monthly periods described in IRS Publication 15-T. Results are gross-pay comparisons, not tax or take-home-pay advice.
Pay raise calculator questions
How do I calculate a 7.5% raise?
Multiply current pay by 1.075. For a $60,000 salary, that gives $64,500, an annual increase of $4,500.
Why is biweekly different from twice a month?
Biweekly pay normally means 26 paychecks per year. Twice-monthly, or semimonthly, pay means 24. Choose the schedule your employer actually uses.
Does this calculate take-home pay?
No. It compares gross pay before taxes, deductions, benefits, bonuses, and overtime. Net pay needs personal tax and benefit information that this tool does not collect.