Compensation Increase Calculator

Formatting only. This does not change the calculation.
Per hour, per week, per month or per year - the answer comes back in the same period.
Used when you know the percentage increase.
Used when you know the raise in money rather than as a percentage.
Used when you know the new rate and want the percentage increase.
Cost-of-living mode: e.g. the CPI-W third-quarter average of the base year.
Cost-of-living mode: e.g. the CPI-W third-quarter average of the measuring year.
New pay
55,000.00
Pay Raise Calculator
Raise amount
5,000.00
Increase applied
10.0000 %
New pay as a multiple of current pay
1.100000
Worked out from U.S. Bureau of Labor Statistics, "Using the Consumer Price Index for escalation" - an amount is escalated by the ratio of the index in the two periods and 2 other sources.

How this is worked out

3 steps
  1. Raise = current pay x percent / 100 = 50000 x 10 / 100
  2. Raise = 5000
  3. New pay = 50000 + 5000 = 55000

Results are general information, not financial, tax, legal, medical or engineering advice.