How much is a 3% raise on $20 an hour?

$20 × 0.03 = $0.60 more an hour, for a new rate of $20.60. At 40 hours a week for 52 weeks, that adds $1,248 a year.

How much is a $1 an hour raise per year?

At 40 hours a week for 52 weeks, $1 an hour is $2,080 a year, or about $173.33 a month, before taxes.

How do I find what percent raise I got?

Subtract your old pay from your new pay, divide by your old pay and multiply by 100. Going from $20 to $21.50 is $1.50 ÷ $20 × 100 = 7.5%.

Is a raise percent the same for hourly and yearly pay?

Yes, if your hours do not change. A 4% raise on $25 an hour and a 4% raise on the matching $52,000 salary both add 4%: $1 an hour or $2,080 a year.

Raise calculator

Enter your pay and the raise to see your new hourly, monthly and yearly pay. A 3% raise on $50,000 a year is $1,500 more, or $51,500 before taxes. You can also work backward from two numbers to the percent.

Your current pay is

Yearly Hourly

Current yearly pay

per year

Your raise is

A percent A dollar amount

Raise in percent

Hours used to convert hourly and yearly

Hours per week

hours

Paid weeks per year

weeks

Figures are before taxes. Amounts are rounded to the nearest cent, percents to two decimals.

How a raise is figured

Two formulas cover both directions.

New pay = old pay × (1 + raise % ÷ 100)$50,000 × 1.03 = $51,500. The raise adds $1,500 a year, $125 a month.

Raise % = (new pay − old pay) ÷ old pay × 100($21.50 − $20.00) ÷ $20.00 × 100 = 7.5%.

Hourly to yearlyA raise per hour is worth that amount times your hours in a year. $1 more an hour at 2,080 hours is $2,080 a year.
Yearly to monthlyDivide the yearly raise by 12 for a monthly paycheck, or by 26 if you are paid every two weeks.
Percent works both waysA 3% raise is 3% whether you count it per hour or per year, as long as your hours stay the same.

What common raises add

Extra pay per year at 2,080 hours, before taxes.

Raise	$15 an hour	$20 an hour	$25 an hour	$50,000 a year	$75,000 a year
2% raise	+$624.00	+$832.00	+$1,040.00	+$1,000.00	+$1,500.00
3% raise	+$936.00	+$1,248.00	+$1,560.00	+$1,500.00	+$2,250.00
4% raise	+$1,248.00	+$1,664.00	+$2,080.00	+$2,000.00	+$3,000.00
5% raise	+$1,560.00	+$2,080.00	+$2,600.00	+$2,500.00	+$3,750.00
10% raise	+$3,120.00	+$4,160.00	+$5,200.00	+$5,000.00	+$7,500.00

Questions people ask

How much is a 3% raise on $20 an hour?: $20 × 0.03 = $0.60 more an hour, for a new rate of $20.60. At 40 hours a week for 52 weeks, that adds $1,248 a year.
How much is a $1 an hour raise per year?: At 40 hours a week for 52 weeks, $1 an hour is $2,080 a year, or about $173.33 a month, before taxes.
How do I find what percent raise I got?: Subtract your old pay from your new pay, divide by your old pay and multiply by 100. Going from $20 to $21.50 is $1.50 ÷ $20 × 100 = 7.5%.
Is a raise percent the same for hourly and yearly pay?: Yes, if your hours do not change. A 4% raise on $25 an hour and a 4% raise on the matching $52,000 salary both add 4%: $1 an hour or $2,080 a year.

More pay tools

Hourly to salary calculatorYour new rate as yearly, monthly, biweekly, weekly and daily pay. Overtime pay calculatorTime and a half for hours over 40 in a workweek. Salary to hourly tableSalaries from $25,000 to $200,000 as an hourly rate.