Free tool
Find your raise percentage from your old and new pay, or see your new salary after a raise. Shows yearly, monthly, and hourly amounts.
| Current pay | Raise | New pay | Extra per month |
|---|---|---|---|
| $40,000 | 3% | $41,200 | $100 |
| $55,000 | 4% | $57,200 | $183 |
| $70,000 | 5% | $73,500 | $292 |
| $90,000 | 10% | $99,000 | $750 |
Amounts are before taxes. For other percentage math, use our free percentage calculator or read how to calculate percentage change.
Subtract your old pay from your new pay, divide by your old pay, and multiply by 100. From $55,000 to $58,500 is a 6.36% raise.
Many U.S. employers give yearly raises of about 3 to 5 percent, but it varies by company, job, and the economy. A promotion or new job often brings a bigger jump.
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Learn the easy percentage change formula with simple worked examples for prices, sales, and test scores, plus the common mistakes that give wrong answers.
9 min read
Raise
6.36%
New yearly pay
$58,500
Extra per year
$3,500
Extra per month
$292
New hourly rate: $28.13 (based on 2,080 work hours a year). Amounts are before taxes.