Raise percentage calculator
Type your old pay and either the new pay or the raise percent. You get the percent, the new pay and the increase, and you can enter inflation to see how much of the raise is real.
Runs in your browser: nothing you enter is sent anywhere.
How to use it
- Choose what you know: old and new pay, or old pay and the raise percent.
- Enter the figures. They can be hourly, monthly or yearly, as long as both use the same period.
- Optionally enter the inflation over the same period to see the raise in purchasing power.
How it works
The raise percent is (new ÷ old − 1) × 100, and the new pay is old × (1 + raise ÷ 100). The increase is new − old. The raise after inflation divides the pay growth factor by the price growth factor: (1 + raise) ÷ (1 + inflation) − 1. If you enter 0 for inflation, that line is hidden.
Worked example
A salary goes from 60,000 to 64,500. The increase is 4,500 and the raise is 7.5%. If prices rose 3% over the same year, the raise after inflation is 1.075 ÷ 1.03 − 1 = 4.37%.
Tips
- A negative result means a pay cut: 50 to 45 is −10%.
- Two raises do not add up: 5% then 5% is 10.25% in total, not 10%. Compare the start and end pay instead.
- For the yearly pay behind an hourly rate, use the salary converter.
Frequently asked questions
How do I calculate a pay rise percentage?
Divide the new pay by the old pay, subtract 1 and multiply by 100. Going from 60,000 to 64,500 gives 64,500 ÷ 60,000 = 1.075, which is a 7.5% raise.
How do I find my new salary after a percentage raise?
Multiply the old pay by 1 plus the raise as a decimal. A 5% raise on 60,000 is 60,000 × 1.05 = 63,000.
What is a raise after inflation?
It is the change in what your pay can buy. It is (1 + raise) ÷ (1 + inflation) − 1. A 7.5% raise with 3% inflation is 1.075 ÷ 1.03 − 1 = 4.37% in real terms.
Can I use it for hourly pay or monthly pay?
Yes. The percent is the same whatever period you use, as long as the old and new figures are for the same period, for example both per hour or both per year.