How Much Do Navy Admirals Make?
The question of how much do navy admirals make is often asked by those interested in pursuing a career in the United States Navy. Navy admirals are highly respected and experienced officers who have reached the highest ranks in the Navy. In this article, we will provide a detailed answer to the question of how much navy admirals make, along with other relevant information.
Basic Pay
The basic pay for navy admirals varies depending on their rank, time in service, and other factors. Here is a breakdown of the basic pay for navy admirals:
- Rear Admiral (Lower Half): $12,640 per month ( equivalent to $151,680 per year)
- Rear Admiral (Upper Half): $14,340 per month (equivalent to $172,080 per year)
- Vice Admiral: $16,140 per month (equivalent to $193,680 per year)
- Admiral: $17,940 per month (equivalent to $215,280 per year)
- Fleet Admiral: $19,740 per month (equivalent to $236,880 per year)
Special and Incentive Pay
In addition to basic pay, navy admirals receive special and incentive pay for things like:
- Hazardous Duty Pay: $150-600 per month
- Flight Pay: $150-300 per month
- Submarine Pay: $100-200 per month
- Dive and Salvage Pay: $100-200 per month
- Fleet Marine Force Incentive Pay: $150-300 per month
Allowances
Navy admirals also receive various allowances, including:
- Bases Allowance: $1,000-2,000 per month
- Subsistence Allowance: $250-500 per month
- Temporary Lodging Allowance: $500-1,000 per month
Benefits
Navy admirals receive a wide range of benefits, including:
- Healthcare: Navy admirals receive top-notch healthcare through the military’s healthcare system, TRICARE.
- Retirement: Navy admirals are eligible for a generous retirement package, including a pension and health benefits.
- Education: Navy admirals may be eligible for education assistance and tuition reimbursement.
- Travel: Navy admirals have the opportunity to travel and serve in different parts of the world.
- Leadership Development: Navy admirals have opportunities for leadership development and career advancement.
Comparison to Civilian Salaries
According to the Bureau of Labor Statistics, the median salary for a military officer with a similar rank to a navy admiral is around $120,000 per year. This is significantly higher than the median salary for a civilian executive or manager in the same field.
Conclusion
In conclusion, navy admirals are highly compensated for their service to the United States Navy. With a range of salaries, special and incentive pay, and allowances, navy admirals can earn a comfortable income. Additionally, they receive a wide range of benefits, including healthcare, retirement, education, and travel opportunities. If you’re considering a career in the Navy, becoming a navy admiral can be a rewarding and lucrative goal.
