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Essentially, when the ECI goes up, so does military pay, so that military salaries do not fall behind civilian ones. For example, because the ECI increased 1.4 percent in 2009, that was the military pay raise in 2010.
The basic pay rate for both Academy and non-active duty ROTC cadets and midshipmen is $1,272.20, effective 1 January 2023, which is "the monthly rate equal to 35 percent of the basic pay of a commissioned officer in the pay grade O–1 with less than two years of service." [46] [20] [45]
A decent salary — one that allows for necessities, fun, and savings — might start around $69,000 for a single, childless person in Florida and $94,500 for a couple.
In the meantime, the Army would continue testing the AR-15, finding that the intermediate cartridge .223 (5.56 mm) rifle is much easier to shoot than the standard 7.62×51mm NATO M14 rifle. [ 43 ] [ 44 ] In 1961 marksmanship testing, the U.S. Army found that 43% of AR-15 shooters achieved Expert, while only 22% of M14 rifle shooters did so.
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The housing market is the key driver of South Florida’s high cost of living. In August, home rents jumped 15.3% compared to last year, and the cost of buying a home increased by 14.3%. Methodology
For the year 2022, the U.S. Census Bureau estimates that the median annual earnings for all workers (people aged 15 and over with earnings) was $47,960; and more specifically estimates that median annual earnings for those who worked full-time, year round, was $60,070. [2] [3]
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