Salary Hike Calculator
Work out your new salary after a raise, the yearly and monthly increase, and the raise after inflation.
About the Salary Hike Calculator
Enter your current salary, the raise percentage and, optionally, inflation. The calculator shows your new salary, how much more you get each year and each month, and your real raise after inflation.
A percentage raise multiplies your current salary. Compare it with inflation to see whether your buying power actually grew: a 3% raise with 3% inflation leaves you no better off.
The formula
New = current × (1 + raise%); real raise = (1 + raise) ÷ (1 + inflation) − 1
Worked example
60,000 with an 8% raise and 3% inflation
- New salary: 60,000 × 1.08 = 64,800
- Increase: 4,800 a year, 400 a month
- Real raise: 1.08 ÷ 1.03 − 1 = 4.85%
Things to keep in mind
- Before tax: your take-home increase is smaller, and a raise can move part of your income into a higher tax band.
Questions people ask
What's a typical raise?
Often 3–5% for staying in a job; switching jobs commonly brings more.
How do I find the percent from two salaries?
(new − old) ÷ old × 100.
What raise keeps up with inflation?
At least the inflation rate itself; anything above it is a real raise.