Enter your current pay and the raise as a percent or a dollar amount to see your new pay per hour, per paycheck, per month and per year. Already know the new pay? Choose “New pay” to find the raise percent.
New pay $20.80 an hour
- Raise
- 4%
- More per year
- +$1,664.00
- Paid hours a year
- 2,080
| Before | After | Difference | |
|---|---|---|---|
| Hourly | $20.00 | $20.80 | +$0.80 |
| Per paycheck | $1,600.00 | $1,664.00 | +$64.00 |
| Monthly | $3,466.67 | $3,605.33 | +$138.67 |
| Annual | $41,600.00 | $43,264.00 | +$1,664.00 |
How it’s calculated
New pay = current pay × (1 + raise % ÷ 100), or current pay + raise amount.
Raise percent = (new pay − current pay) ÷ current pay × 100. Hourly and annual figures are linked by hours per week × paid weeks per year.
Worked example with your numbers
- New pay: $20.00 × (1 + 4%) = $20.80 an hour.
- Raise: ($20.80 − $20.00) ÷ $20.00 = 4%.
- Per year at 2,080 paid hours: $43,264.00 − $41,600.00 = $1,664.00 more.
Figures are gross pay before taxes; a raise can change your tax withholding.
What a raise is worth per year
| Hourly rate | Raise | New rate | Extra per year |
|---|---|---|---|
| $15 | 3% | $15.45 | +$936 |
| $15 | 5% | $15.75 | +$1,560 |
| $15 | 10% | $16.50 | +$3,120 |
| $20 | 3% | $20.60 | +$1,248 |
| $20 | 5% | $21.00 | +$2,080 |
| $20 | 10% | $22.00 | +$4,160 |
| $25 | 3% | $25.75 | +$1,560 |
| $25 | 5% | $26.25 | +$2,600 |
| $25 | 10% | $27.50 | +$5,200 |
| $30 | 3% | $30.90 | +$1,872 |
| $30 | 5% | $31.50 | +$3,120 |
| $30 | 10% | $33.00 | +$6,240 |
Frequently asked questions
How do I calculate a raise percentage?
Subtract your old pay from your new pay, divide by your old pay and multiply by 100. From $20 to $21 an hour: (21 − 20) ÷ 20 × 100 = 5%.
How much is a 3% raise on $20 an hour?
$20 × 1.03 = $20.60 an hour — 60 cents more per hour, or $1,248 more a year at 2,080 hours.
Is the raise before or after taxes?
The calculator works with gross pay. Your take-home increase is smaller after taxes and any deductions that depend on pay.