Updated · Built and checked by the PlinzoTools team, formulas tested against published sources
Calculate your new salary from a percentage or flat-dollar raise, with the increase shown both ways.
$63000.00
Increase: $3000.00 (5.00%)
Raises are sometimes offered as a percentage ("you're getting a 5% raise") and sometimes as a flat dollar amount ("your salary is going up $3,000") -- this calculator handles either input and always shows the result both ways, so you can directly compare a percentage-based offer against a flat-dollar one.
Enter your current salary, choose whether your raise is a percentage or a flat dollar amount, and enter that value.
New Salary (percent raise) = Current Salary × (1 + Raise % ÷ 100)
New Salary (flat raise) = Current Salary + Raise Amount
Increase % = (New Salary − Current Salary) ÷ Current Salary × 100
Use this to directly compare two raise offers presented in different formats, or to understand what a percentage raise means in real dollar terms before a salary negotiation.
Suppose your salary is a hypothetical $72,000. A 3.5% raise adds $2,520 and brings you to $74,520. Now compare a flat $2,000 offer: on $72,000 that equals about 2.78%. Neither offer is inherently better, and the useful question is always how large the increase is relative to what you earn now. Entering both into the calculator lets you see the percentage and the dollar figure side by side rather than judging by the headline.
A single raise is easy to calculate, but repeated raises build on each other. Three consecutive 3% raises starting from $60,000 do not add up to a 9% total. Each raise applies to the newer, larger salary, so the result is $60,000 multiplied by 1.03 three times, about $65,563.62, which is roughly a 9.27% total increase. You can run the calculator once per year, using the previous result as the new starting salary, to project a multi-year path. This is also why a slightly higher starting raise has an outsized effect on long-term earnings, since every future raise builds on it.
The result is gross salary. It does not show how taxes, benefit costs, or retirement matching change with the new number. Higher pay may move part of your income into a higher tax bracket, but only the portion above the threshold is taxed at the higher rate, so a raise does not shrink take-home pay overall. Use the Paycheck Calculator with your new salary to estimate the net change. Also note that some raises come with changed hours or duties, which affects the real hourly value of the increase.
It depends on your current salary -- a flat dollar raise represents a smaller percentage increase for a higher earner than for a lower earner, so compare both in percentage terms using this calculator before deciding.
No -- this shows your new gross salary only. Use the Paycheck Calculator with your new salary figure to estimate the resulting change in net take-home pay.
Under a progressive tax system, a raise does not normally reduce your take-home pay overall. Benefit changes, such as losing eligibility for a credit or paying more for insurance, can offset some of the gain, though.
Multiply the hourly increase by your annual hours to get the yearly dollar amount, then enter that as a flat raise on your annual salary.
It is a raise intended to keep pay in line with price increases rather than reward performance. It is calculated exactly the same way, as a percentage of current salary.
Reference: Internal Revenue Service