Pay Raise Calculator
Calculate the impact of a pay raise on your annual, monthly, and per-paycheck income.
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How It Works
A pay raise percentage should be compared against inflation to determine its real value. A 5% raise with 3% inflation means your purchasing power only increased by about 2%. The Bureau of Labor Statistics tracks CPI inflation, which averaged 3-4% in recent years. When evaluating a raise offer, always calculate the real (inflation-adjusted) increase.