Pay Raise Calculator
See what your new salary means each month.
Annual increase
Gross annual amounts. Negative results mean a pay decrease.
Formula checked · NumberSwift · Review process
For informational purposes only. Results are estimates and do not constitute financial advice.
How this calculator works
The difference between the new and current annual salary gives the annual increase. Divide that difference by the current salary to express the raise as a percentage. The monthly increase divides the annual change into twelve equal parts. Take-home changes can differ because of taxes and deductions.
Formula
raise % = (new − old) / old × 100
Assumptions & limitations
Gross annual amounts. Negative results mean a pay decrease.
Worked example
A rise from $50,000 to $55,000 is 10%, or $416.67 more monthly.
If the new role also changes your hours, use the Salary to Hourly Calculator to compare the schedules on the same basis.
Our approach to calculations ↗Common questions
Which salary is the percentage baseline?
The original salary. A $5,000 increase on $50,000 is 10%; reversing the change uses a different baseline.
Can the tool show a salary reduction?
Yes. Enter a new salary below the original and the difference and percentage become negative.
Will take-home pay rise by the same amount?
Not necessarily. The calculation compares gross salaries without tax or benefit changes.