Pay Raise Calculator

Be extremely wary when an employer flexes a "massive" percentage raise. A colossal 15% raise sounds life-changing to the human ear.

However, if your base salary is a meager $35,000, that "insane" 15% raise mathematically only translates to roughly an extra $100 per week before taxes.

The cost of living virtually never drops. Your groceries, rent, and gas become more expensive every 12 months.

If you receive a 2.5% raise during a year where inflation hit 4%, you have suffered a mathematical pay cut. Your purchasing power has diminished despite the higher number hitting your bank account.

Never forget that gross raises are not net raises. Securing a $10,000 raise does not mean you take home $10,000.

Because the US utilizes progressive tax brackets, those newly earned top-tier dollars are taxed heavier by the IRS than the bottom chunks of your income. That $10k raise might visibly only yield $7k after withholding.