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What Is a Good Raise? Average Pay Raise Percentage

MRBy Michael Reyes, CFP® Updated June 30, 2026 5 min read

Quick Answer

A typical annual raise in recent years has run about 3–4.5%. A raise at that level is average; 5%+ is strong and usually beats inflation; 10%+ typically means a promotion or market correction. The real test isn't the percentage alone — it's whether your raise exceeds the inflation rate, because only then does your buying power actually grow. After taxes, you keep about 65–80% of any raise.

"Is my raise any good?" is a hard question to answer in a vacuum. The number only means something once you compare it to the average — and to inflation. Here's the context to judge your raise.

How raises stack up

RaiseHow it rates
0–2%Below average — likely losing ground to inflation
3–4.5%Average — the typical annual raise range
5–7%Strong — usually beats inflation, a real gain
10–20%+Promotion, market correction, or new role

General ranges based on recent US merit-increase trends; your industry and employer vary.

The only test that matters: vs. inflation

Real raise = your raise − inflation. A 4% raise in a 3% inflation year is a real ~1% gain. A 3% raise in a 3% inflation year is flat. Always compare your percentage to the current inflation rate to know if you actually got ahead.

What affects your raise

  • Performance: top performers often get a larger share of the merit budget.
  • Industry & role: high-demand fields raise faster than others.
  • Negotiation: asking well can move you above the default increase.

Want more? See how to negotiate a raise and COLA vs. merit raises. Then see what your raise adds after taxes and run it through the salary increase calculator.

Frequently Asked Questions

What is a good annual raise percentage?

In recent years, a typical annual raise has run about 3–4.5%. A raise at or below that is average; 5% or more is a strong raise, especially if it beats inflation. A promotion or a market-correction raise can be 10–20% or more. The key test is whether your raise exceeds the inflation rate — that's when you actually gain buying power.

What is the average pay raise in 2026?

Average merit-increase budgets in recent years have hovered around 3.5–4%, and many employers plan similar figures. Your actual raise depends on your industry, performance, location, and employer. Treat 3–4% as the rough middle and anything meaningfully above it as an above-average raise.

Is a 3% raise good?

A 3% raise is roughly average, but whether it's 'good' depends on inflation. If prices rose 3%, a 3% raise just keeps you even in real terms — you're not getting ahead. If inflation was lower, a 3% raise is a real gain. To truly advance, aim for a raise above the current inflation rate.

Is a 5% raise good?

Yes — a 5% raise is above the typical 3–4% average and, in most recent years, beats inflation, meaning your real buying power increases. It's a solid raise for strong performance. A 10%+ increase usually signals a promotion, a big role change, or a market correction for being underpaid.

How often should I get a raise?

Most companies review pay once a year, so an annual raise is standard. You can also earn one when you're promoted, take on significantly more responsibility, or successfully renegotiate. If you've gone well over a year with no increase while your role has grown, it's reasonable to start the conversation.

How much does a raise add after taxes?

A raise is taxed at your marginal rate, so you keep roughly 65–80% of it. A 4% raise on a $60,000 salary is $2,400 gross, or about $1,700–$1,900 in take-home. See the exact figure for your salary and state with a salary increase calculator.