Free Percent Salary Increase Calculator Online Tool
Two questions, one tool. “What percent raise did I get?” Enter your old and new salary to get the percentage. “What will my new salary be?” Enter your current salary and a raise percent to project it. Both modes break the raise into monthly, weekly and hourly amounts, with an optional inflation input for your real raise.
Gross pay figures. Compare salaries on the same basis (annual to annual, hourly to hourly).
The short answer
Raise percent = (new salary − old salary) ÷ old salary × 100. Going the other way: new salary = current salary × (1 + raise percent ÷ 100). A $5,000 raise on $50,000 is 10%; an 8% raise on $60,000 is $4,800, for a new salary of $64,800.
Worked examples, verified against the tool
Find my raise %: old salary $50,000, new salary $55,000. Increase = $5,000. 5,000 ÷ 50,000 × 100 = 10.00%. Monthly increase = $416.67, weekly = $96.15.
Project new salary: current $60,000, raise 8%. Increase = 60,000 × 0.08 = $4,800.00. New salary = $64,800.00. Monthly increase = $400.00, weekly = $92.31, hourly (40-hour week) = $2.31. With 3% inflation, the real raise is (1.08 ÷ 1.03) − 1 = 4.85%. The tool returns all of these exactly.
Is my raise good? Read it against inflation
Typical annual merit raises in many industries run 2–5%. But the number that matters is the real raise: at 3% inflation, a 3% raise is 0% in purchasing power, and a 2% raise is a pay cut in disguise. Promotions commonly bring 10–20%, and job switches often beat internal raises because external offers reset you to market rate. Enter inflation above and the tool tells you plainly whether your purchasing power grows, holds, or shrinks.
Merit raise vs cost-of-living vs promotion
A merit raise rewards performance (often 2–5%). A cost-of-living adjustment (COLA) tracks inflation and is not really a raise at all. A promotion reflects bigger responsibilities (often 10%+). When negotiating, anchor on market data for your role and location, not just on a percentage of your current pay: 10% of an underpaid salary can still be underpaid.
What competing calculators miss
The ranking raise calculators each do half the job: most compute the percent from old and new salaries but cannot project a new salary from a percent, while one rival does only the projection. None break the raise into monthly, weekly and hourly amounts, and none adjust for inflation. This page does all of it: both directions, full pay-period breakdowns, and the real-raise readout that tells you whether the raise actually raises you.
Frequently asked questions
How do I calculate my raise percentage?
Subtract the old salary from the new salary, divide by the old salary, multiply by 100. $55,000 vs $50,000 is a 10% raise. Use the "Find my raise %" mode above.
What is a good annual raise percentage?
In many industries 3–5% is a solid merit raise. Anything at or below inflation just maintains purchasing power; promotions and job changes typically deliver 10% or more.
What is the difference between a flat raise and a percent raise?
A flat raise is a dollar amount ($3,000); a percent raise is relative (5% of salary). Percentages compound over a career, which is why early-career raises matter disproportionately.
Should bonuses count in the salary figures?
For comparing total compensation, yes: include bonuses in both old and new figures. For base-pay raise math, leave them out and be consistent on both sides.
Can the raise percent be negative?
Yes. If the new salary is lower, the tool shows a negative percent: a genuine pay cut, which sometimes happens with role changes or reduced hours.
Does this work for hourly wages?
Yes, as long as you compare like with like: hourly to hourly, monthly to monthly. The percent math is identical.
How do I factor in inflation?
Enter the inflation rate and the tool computes your real raise: (1 + raise) ÷ (1 + inflation) − 1. A 4% raise at 3% inflation is about 0.97% real.
How often should I expect a raise?
Typically annually at performance review, or with promotions and job changes. If your pay has not kept up with inflation for two years running, that is data for your next negotiation.