1.5% Pay Raise Calculator
What a 1.5% raise adds to your salary and per paycheck, and how far short of inflation it falls.
Compare another percentage, dollar increase or new salary with the pay raise calculator.
How much is a 1.5% raise?
A 1.5% raise on $60,000 adds $900.00 per year, for a new salary of $60,900.00. Under a 26-check bi-weekly schedule, that is $34.62 extra per paycheck before taxes and benefit deductions.
The calculator above is preset to 1.5%. Enter your current salary or hourly rate and choose the matching pay period. For another offer or a fixed dollar increase, use the main pay raise calculator. Tax estimates initially use Single and no state tax; change those assumptions to match your example.
A part-time schedule changes the total
At $20 an hour, 1.5% is $0.30 more per hour. Over 24 paid hours a week and 52 weeks, that adds $374.40 a year. At 40 hours, it adds $624. The percentage is identical; paid hours determine the cash value. Enter your own hours instead of using a full-time assumption.
1.5 percent raise formula
Raise amount = current pay × 0.015. New pay = current pay × 1.015. Use the same pay period for the input and result. Multiply an hourly increase by actual paid hours to find its gross value.
Salary and paycheck examples
| Current salary | New salary | Extra/year | Extra/bi-weekly check | Extra/month |
|---|---|---|---|---|
| $30,000.00 | $30,450.00 | $450.00 | $17.31 | $37.50 |
| $40,000.00 | $40,600.00 | $600.00 | $23.08 | $50.00 |
| $50,000.00 | $50,750.00 | $750.00 | $28.85 | $62.50 |
| $60,000.00 | $60,900.00 | $900.00 | $34.62 | $75.00 |
| $75,000.00 | $76,125.00 | $1,125.00 | $43.27 | $93.75 |
| $100,000.00 | $101,500.00 | $1,500.00 | $57.69 | $125.00 |
| $150,000.00 | $152,250.00 | $2,250.00 | $86.54 | $187.50 |
A 1.5% raise on an hourly wage
| Old rate | New rate | Extra/hour | Extra/year |
|---|---|---|---|
| $15.00 | $15.23 | $0.23 | $468.00 |
| $20.00 | $20.30 | $0.30 | $624.00 |
| $25.00 | $25.38 | $0.38 | $780.00 |
| $30.00 | $30.45 | $0.45 | $936.00 |
| $40.00 | $40.60 | $0.60 | $1,248.00 |
Displayed hourly amounts are rounded to cents; annual totals use the unrounded percentage calculation. Your employer may round the hourly rate before multiplying by hours. Unpaid leave, overtime and changing schedules are excluded. Use the hourly calculator for different weekly hours.
Tax and inflation are separate questions
The tables show gross income. The raise after taxes calculator estimates federal tax, employee FICA and selected simplified state rates, and subtracts the additional traditional 401(k) contribution you enter. It does not model all benefits or tax credits.
At a hypothetical 3.4% inflation rate, a 1.5% raise has a real change of -1.84%: ((1 + 0.015) / 1.034 − 1) × 100. Use a rate for the period you are comparing in the inflation calculator. Whether the offer is good also depends on the role, hours and benefits; an employer survey budget is not an individual entitlement.
When does the raise start?
All annual figures assume a full year at the new rate. At $60,000, if this raise starts July 1 and six equal months remain, the extra gross earnings that year are about $450.00. The mid-year worksheet explains partial periods and back pay.
Check your result
Verify the original pay, selected period, percentage, paid hours and effective date. A bi-weekly check uses a different divisor from a semi-monthly check. Read the pay schedule comparison when reconciling a payroll letter.
Formulas, assumptions and test cases · Corrections policy. Original calculations reviewed October 5, 2026.