🏠 Mortgage & Home Buying🚗 Loans & Car Finance💳 Debt Payoff🎯 Savings & Interest📈 Investing & Returns🌅 Retirement Planning🧾 Budgeting & Net Worth🛒 Smart Spending & Shopping⏱️ Salary & Pay💼 Side Hustle & Business
Home › Salary & Pay › Pay Raise Calculator
📈

Pay Raise Calculator

See what a raise means per year, month and hour, and what it is worth after inflation.

Advertisement

What a raise is really worth

A raise only improves your life if it beats inflation. A 4% raise with 3% inflation is a real raise of under 1%. Always compare the percentage with the cost of living.

Asking for more

Know your market rate, list your results and ask for a specific number. Even a one-time 5% difference compounds over a career.

Worked example

With the starting values (Current annual salary: 60000, Raise (%): 4, Inflation (%): 3), the calculator shows New salary: $62,400. Also: Extra per year: $2,400; Extra per month: $200; Extra per hour (2,080 hours): $1.15. Change the inputs above to see your own result.

Last reviewed November 2026. Formulas are standard and shown in the sections above; results are estimates.

Tips and common mistakes

Learn more

Frequently asked questions

Is the raise before tax?

Yes. After tax you keep less.

What is a real raise?

The raise after removing inflation.

How much should I ask for?

Research your market rate for the role.

Advertisement

Money guides for this topic

All guides →
📘

Salary Raises and Job Offers: Do the Math

Why a few thousand dollars of extra starting pay is worth far more over time, and how to compare two job offers fairly.

Read guide →
📘

How to Make a Budget in 5 Simple Steps

A beginner-friendly guide to building a monthly budget that you can actually stick to.

Read guide →
📘

Side Hustle Math: How Much Can You Really Earn?

Honest numbers for common money-making ideas: selling products, YouTube, freelancing and overtime, with break-even math.

Read guide →

Related calculators

⏱️

Salary to Hourly Calculator

Convert a yearly salary into hourly, daily, weekly and monthly pay.

Open calculator →
💵

Hourly to Salary Calculator

Convert an hourly wage into a yearly, monthly and weekly salary.

Open calculator →
🕘

Overtime Pay Calculator

Calculate overtime pay and total earnings for a week.

Open calculator →

Results are estimates and not financial advice.