PayRaiseCalc

Hourly to Salary Calculator

Convert any hourly wage to annual salary. See your pay in every period and model raises on top of your hourly rate.

Quick scenarios:

New Salary

Annual Increase

After-Tax Increase

Real Raise (vs Inflation)

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Calculating...

Nominal: Real: 5yr gain: Doubles in:

Pay Period Breakdown

Period Before After Increase %

Visual Comparison

🎉 Your Raise in Real Life

coffees/month

🍕

pizzas/month

✈️

vacations/year

💰

lifetime impact (30yr)

💸 Paycheck-to-Paycheck Comparison

Current Bi-weekly Paycheck

(after tax & 401k)

New Bi-weekly Paycheck

⏳ Raise Countdown

When does your next raise take effect? Set the date to see a countdown.

Set your raise effective date →

📤 Share Your Results

401(k) Impact

Additional 401(k)/Year

401(k) Growth (20yr @ 7%)

Take-Home After 401(k) & Tax

Multi-Year Compound Projection

Year Salary Cumulative Gain Inflation-Adjusted

Scenario Comparison

Year A B Difference

Negotiation Script

Industry Raise Benchmarks (2024)

IndustryAvg RaiseContext
Technology4.8%AI hiring pressure drives above-average cycles
Healthcare4.2%Staffing shortages keep raises competitive
Engineering4.5%Specialized talent commands stronger raises
Finance3.9%Stable, bonus-adjusted compensation
Construction3.8%Labor shortages push pay for experienced workers
Manufacturing3.7%Reshoring investment helps trade workers
Retail3.0%Tight margins keep raises near inflation
Education3.1%Budget-constrained COLA adjustments
Government3.0%Policy-driven, predictable step increases

Source: Mercer 2024 Compensation Survey

📈 Is Your Raise Good? (Historical Context)

Average raises vs inflation by year. A raise below inflation = real pay cut.

YearAvg RaiseInflation (CPI)Real Value
20253.5–4.2%~2.8%Slightly ahead ✓
20243.8–4.5%3.4%Break-even
20234.0–4.6%4.1%Break-even
20224.0–4.8%8.0%Pay cut ✗
20213.0–3.5%4.7%Pay cut ✗

Source: Bureau of Labor Statistics, Mercer Compensation Surveys

Raise History Tracker

Save your raises to track progression over time. Stored locally in your browser.

Hourly to Salary Conversion Table

HourlyWeekly (40h)MonthlyAnnual
$15/hr$600$2,600$31,200
$20/hr$800$3,467$41,600
$25/hr$1,000$4,333$52,000
$30/hr$1,200$5,200$62,400
$40/hr$1,600$6,933$83,200
$50/hr$2,000$8,667$104,000

The Formula

Annual Salary = Hourly Rate × Hours/Week × Weeks/Year

Default is 40 hours × 52 weeks = 2,080 work hours. Adjust in the calculator above if you work different hours or take unpaid leave.

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