Stateside? CC can divert his leftover funds into paying this down asap, but it's still going to take considerable effort. Yup, not a … The only difference is when overseas, civilian pay will be considerably higher. I figure 60k a year as an E6 I need 90k plus a year as a civilian. All branches of the United States armed forces (Army, Navy, Air Force, Marine Corps, and Coast Guard) are paid a base salary determined by the 2020 Military Basic Pay Chart, with additional allowances for things such as housing and meals.Servicemembers are also compensated for hazardous duties and drilling.. FederalPay maintains updated pay charts for most types of military compensation. Go take my pay there’s a compensation worksheet on there, I don’t remember any PowerPoint on that. Beer money! I've watched 3 coworkers get out and are making 80-120k and all are living better than when they were an Airman. Medical Corps Incentive Pay (IP) and Retention Bonus (RB) - FY2021. For a more detailed military pay estimate, use our Navy pay calculator. This sucks. An entry level position for a STEM job is probably around $60,000 and you'll be around 22-24 years old with $10,000-$20,000 in student loans. TSP for Military. The amount paid is $225 per month for all ranks. Even though I technically meet the qualifications (gay + military), my perspective is probably too limited to be useful. There are so many hidden costs in the civilian world (health insurance, higher taxes, not shopping at the px/commissary) that military pay is actually better in net terms for a lot of cases. Tried scaring people getting out saying they need to make 100k to live like they do now as E4s and E5s. Appreciate it! If you are an E4 and always going to the clinic and have multiple medical issues, use dental all the time, fully max out your TA every year, going TDY or deploying all the time, and go to the gym every day, and also have a family who uses the free medical alot then yea you are going to probably need to make 90 to 100k a year to have a comparative pay. The Army is the largest branch of the Armed Forces, whose primary responsibility is to fight land-based wars. Being in the military does not exempt you from income tax, but some of your pay and benefits can’t be considered “income.” Your basic pay, active duty pay, bonus pay and incentive pay are all taxable income. The Air Force failed me. That fuckboi who got a B- in Torts is still making more than you, though.... CC OOhh, ouch, he took a job in the state you went to school that has state income tax! Please forget everything you just said. It only seems that way because the minimum wage for contractors is about $20.40/hr. Only benefit I use is TA and the gym. Retired pay: The first $5,000 is tax-free. MC makes less, so that's bad - right? MC has just finished Naval Justice School and pinned on Captain (O-3). Nope. You're now a CAPT with nothing but a marksmanship and National Defense medal! The government will give you an interest-free advance on your pay with 12 months to pay it back! However, I would give the military a minor nod in this situation with regards to pay, and likely regarding work-life balance (at least in my opinion)--which many find to be an "invaluable" part of their employment. So if your take home pay is 47k than as a civilian you'd be making high 50's in the state of Ohio which is where i'm basing my information from. Part 5-- Military Pay. This person will be call Military Comparison (MC). That’s way easier. From free health insurance to half your income being tax-exempt (if receiving BAS/BAH) the benefits are immediately obvious - all of your pay is essentially disposable income. 2020 military allowances, incentives, bonuses and special pay. Not to mention you can’t really put a dollar value on all the free Blue Kool Aide you could ever want. TYFYS!! If it was such a good optio... don't you think more people would do it? The Navy's primary responsibility is to perform both "blue water" (sea-based) and "green water" (littoral or shallow-water-based) military operations. obviously this changes in places like say New York but then your BAH compensates for that change. That's another $3,043.56/year. Military pay isn't designed to be competitive it's just designed to pay you enough to feel like a normal person. I plan on getting out and have a job lined up making 100k plus and I am a E6. In my opinion military pay compared to civilian is tricky and also based on how many military benefits you actually use. Well, except MC qualifies for Public Service Loan Forgiveness after 10 years of minimum payments, and part of his re-contracting incentive involves money for repayment of outstanding loans. The army will pay back your student loans (if you get it in your contract) and will pay for further education. If you are making 50k-60k you can pay that amount off in one year (or less) easily with only minor changes to your lifestyle. For example, there are special pays for aviators and parachutists; special pays are also paid for dangerous or hardship duties. Ive got a sticky question for those well versed in the military pay system. Thanks, Uncle Sam. Holy shit, CA's is 2300 a month. On paper you won't get paid much, but for some reason nobody takes into account that you give no bills. Yes, but not for spouses.Unfortunately, there is no military student loan forgiveness for the spouses of service members. Will the military pay off student loans? I also have placed all my flight pay into an simple, low expense ratio, S&P 500 Index Fund. CC - has just landed a gig promising the promised median pay of $110,000! It looks pretty appealing. However, pay for accrued leave, student loan repayments, reenlistment bonuses and combat pay do not count as income. But the amortization period on that is going to be FOREVER with such small payments. Maybe someone on here can chime in. Fuck! That leaves plenty of time to shove his disposable income into strippers' G-strings. I’m not seeing a box to tick for married to another military person. Your pay is based on your rank, time in service, and family size. To get equivalent coverage, in Idaho at least, it’s well over $2000 (I think it’s more, this is lowballing) a month with a family of 4. Theoretically, the most average kid in the class will have a position paying $110,000 within 9 months of graduation if they enter the private sector (public median is about 1/2 of that), so that will be our "Civilian Comparison" (CC). I have a wife and two kids and I've been in for 6 years. No one is that competitive to 18 year olds with no college or real work experience. This is my opinion. The other pays, often referred to as special and incentive pays, are for specific qualifications or events. MC's kids ride free on that sweet Tricare train. E-1 is the 1st enlisted paygrade in the United States military, with monthly basic pay ranging from $1,733.10 for an entry-level E-1 to $1,733.10 per month for E-1 personnel with over 40 years of experience. The pay rates are all listed online. Outside of a technical jobs (aviation guys, computers, etc) most contractors make the same or less than you do. Further, since you posted on a Marine sub-reddit, we'll use their typical career path: Contract during your first year of law school, commission that summer after OCS. Pay rates for officers Pay rates for general service officiers, pilots, medical, dental and legal officers. Press question mark to learn the rest of the keyboard shortcuts. Its all about perspective. Everyone gets base pay, and it's the same regardless of what military service you are in. With a family to provide for that pay evaporates rather quickly. I can make 70k on the outside doing what I do now with no degree. I live on base, so I don't pay rent or any utilities. My leadership tried telling me I need to make 160k + to be able to make it and I laughed at them. Personal Statement of Military Compensation, or something along those lines. And medical (pretty much socialized medicine), life insurance, pension contributions, education benefits, commissary, tax free exchange, moving costs, etc. ... help Reddit App Reddit coins Reddit premium Reddit gifts. for a kid fresh out of highschool with no "hookup" into a good job, its pretty decent pay, if you live out in town you obviously dont have to use ur full BAH either, New comments cannot be posted and votes cannot be cast. However, for an enlisted member with years of experience, trained in a critical technical specialty, it's not all that great when compared to wages for a similar civilian job. I have a wife and some little monsters running around, so I haven’t even done the math on medical and dental. Disposable income into strippers ' G-strings least he wo n't get paid,... On two weeks of training each year and one weekend each month your basic pay charts give you interest-free! 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