Salary, Benefit, Paycheck, and Cost of Living Calculators
Free Tools to Help You Calculate How Your Salary or Job Offer Compares
Comparing job offers isn’t apples-to-apples. The number on your paycheck is only one of many factors that go into your actual pay. Benefits like health insurance and retirement contributions also add to the bottom line. And then there’s cost of living -- a small fortune in a mid-sized city might not stretch very far in a coastal metropolis.
To figure out how much a job offer is really worth, you need to have some basis for comparison. Online salary calculators and cost of living calculators are an easy, free way to get that information. Even if you are not job searching right at this very second, it’s a good idea to stay up-to-date on what you should be earning, based on your location, position, and experience. That way you have a sense of what to expect when you start to talk salary with your current or potential employer.
Of course, if you are contemplating a job change, these tools are even more useful. Salary calculators can help you determine how much a job offer is worth and how far your paycheck will go in a specific location, based on the cost of living in that area.
Again, remember that when you are evaluating what you earn, there are many factors to take into account. Salary is important, but benefits can help make a modest paycheck go much further- especially things like bonuses, childcare, paid time off, and comprehensive health insurance.
These salary calculators and surveys will help you find out salary information for your current job as well as positions you're interested in.
Free Salary Calculators
Glassdoor.com’s Know Your Worth Tool: Glassdoor's Know Your Worth tool provides a free, personalized salary estimate based on the current job market. Salary estimates are based on users’ title, company, location, and experience. The tool also provides tips on how to increase pay.
PayScale.com’s Salary Survey: Take PayScale’s Salary Survey and generate a free salary report with a salary range based on your job title, location, education, experience, skills and more. Evaluate a job offer or compare your salary with that of your peers.
PayScale also offers a variety of free tools, including a career path explorer, career goal tracker, and cost of living calculator. The site also offers reports and guides with free advice on salary negotiation, college tuition ROI and leveling up skills for a changing job market.
Quartz at Work Career Calculator: With this calculator, you can get information on how much a job offer is worth. Enter the salary, stock options, 401(k), and company perks to get an estimate of the total value of the job offer.
LinkedIn Salary: LinkedIn’s salary calculator provides the median salary for job titles in specific locations throughout the U.S. Free for LinkedIn users who anonymously contribute their salary, the tool shows base pay plus equity and bonuses, and customizes information based on skills, education, industry, company size and more. In addition, LinkedIn users in the U.S., UK, and Canada will get personalized insights about jobs where the could make more money while they are searching for jobs on the site.
Indeed Salary Search: Search salaries from millions of job postings with this free tool, which offers one-stop shopping for job search and salary comparison. Look up salaries by job title or employer and see how your pay compares.
Salary.com: Free salary reports covering virtually every occupation, as well as information on salary, benefits, negotiation, and human resources issues for U.S. and Canadian markets. Salary negotiation tips, small business solutions, and cost of living comparisons are also available. For a fee, you can customize your salary report to analyze your worth based on your personal details.
As well as salary, it’s a good idea to spend some time researching how benefits can add to the appeal of certain positions. Benefits calculators are designed to calculate your total compensation package (base pay, plus benefits, plus bonuses) to help you better understand and compare what your earnings will provide.
Salary.com Benefits Wizard: This free tool allows users to calculate the value of their total compensation package. Use this calculator to create a customized report and compare your pay against industry averages.
Cost of Living Calculators
It’s well known that certain cities and certain areas of the country are just more expensive to live in than others. When contemplating a move, you need to evaluate how your costs and income will differ, based on your new location. Cost of living calculators help you determine how much your current (or potential) position would pay in a new city and to compare the cost of living between two different cities.
Bankrate.com Cost of Living Calculator: Use this calculator to compare the cost of living in two cities. You can estimate how much you'll need to earn in a new location to maintain your current standard of living.
PayScale.com Cost of Living Calculator: Use PayScale's Cost of Living Calculator to determine how much your current salary is worth in a new city and to compare the cost of living between two different cities. The resulting report is broken down by categories like housing, groceries, utilities, etc. Find out what’s likely to cost more in your new home.
Free Paycheck Calculators: When you start a job, the amount you will take home in your paycheck depends on deductions for federal, state, and local taxes. There are paycheck calculators to help you determine how much your paycheck will be after deductions.
Salary Data and Wage Projections
The Occupational Outlook Handbook, published by the Bureau of Labor Statistics, includes national and state wage projections as well as data for seven major occupational divisions. The divisions literally include hundreds of occupations. In addition, you can also find a list of the fastest-growing occupations and another list of the occupations that are expected to have the most new jobs.