Example
Your salary is $55,000 and you receive a 4% raise. What is your new salary?
55,000 × (1 + 4/100) = 55,000 × 1.04 = 57,200
Your new salary is $57,200 — about $183 more per month.
Example
A starting salary of $42,000 gets a 6% raise after a first performance review. What is the new salary?
42000 × (1 + 6/100) = 42000 × 1.06 = 44520
The new salary is $44,520 — about $210 more per month.
Example
A salary of $80,000 gets a 2.5% cost-of-living adjustment. What is the new salary?
80000 × (1 + 2.5/100) = 80000 × 1.025 = 82000
The new salary is $82,000 — about $167 more per month.
When to use this calculator
Use this specifically for salary raises, since it also shows the monthly difference alongside the new annual figure. For a plain percentage increase on any other kind of value, the general percentage increase calculator works the same way.
Frequently asked questions
Does this calculate the raise before or after tax?
This calculates the gross (pre-tax) change in salary. Your actual take-home increase will depend on your tax situation.
How do I find the raise percentage if I already know my old and new salary?
Use the percentage change calculator with your old salary as the start value and your new salary as the end value.
Can I use this for a salary cut instead of a raise?
Enter a negative percentage (e.g. -5 for a 5% cut) to see the reduced salary. Related: general percentage increase calculator and inflation calculator.