Military Members Will Get an Average of $3,540 in Stimulus Money in 2021

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.

If you're a military member, here's how much you can expect to receive in federal stimulus this year.

Military members have been faced with a double whammy throughout the entirety of the pandemic. Some served in combat situations, while all soldiers were expected to continue their normal life-before-COVID routines. When called away from home, servicemembers were surely stretched thin -- worried about their loved ones back home and dealing with whatever task was at hand.

Like all Americans, military members have received direct stimulus payments. When coupled with the Child Tax Credit and Earned Income Tax Credit, the average military member will receive a total of $3,540 extra in their bank accounts this year.

Assumptions leading to this estimate

Coming up with an average income for a member of the military can be tricky. In addition to base pay, there's also special pay for occupational specialty or specific tasks. For example, an aviation officer earns an additional $125 to $840 per month, while a soldier on hazardous duty earns an extra $150 per month. There's also the disparity of income between a newly enlisted soldier and an experienced officer.

To come up with a rough average, we used the compensation estimator from Today's Military, a website produced by the U.S Department of Defense. Here's a breakdown of average incomes based on education and family status:

Education Family Status Average Income After 10 Years of Service
No degree Single with no children $66,962
No degree Married or with children $71,029
4-year degree Single with no children $105,894
4-year degree Married or with children $108,713

Averaging these incomes, we come up with $88,150. Of course, the averages for soldiers with less service time (or more service time) will make more or less than this average.

In terms of family, the average military member with children has two, according to the U.S. Department of Defense. Because approximately half of all members of the military have no children, we averaged this number to one.

In a nutshell, our estimates are based on an average income of $88,150 and one child. Based on that amount and assuming at least one child, the average military family can expect $3,540 in federal assistance.

Income Range Total Stimulus
Up to $21,300 $3,590
$21,300-$39,800 $3,340
$39,800-$65,000 $3,370
$65,000-$111,300 $3,540
$111,300-$247,400 $2,830
$247,400-$601,700 $280
$601,700 or more $50
Data source: Calculations by author based on figures from the Institute on Taxation and Economic Policy.

Is more on the way?

Some Democratic lawmakers and top economists have called for regular monthly payments to Americans who need it most until the pandemic is in our rearview mirror. In addition, nearly 3 million people have signed a petition asking lawmakers to pass a bill that would send regular monthly payments to Americans in dire financial straits due to COVID-19.

Still, given the fact that not a single Republican member of the House of Representatives or Senate voted in favor of the $1.9 trillion American Rescue Plan, it is nearly impossible to imagine any of them crossing the aisle in favor of more direct aid to their constituents.

It is possible that military members will have to make due with the extra $3,540 in stimulus aid they are likely to receive this year, while hoping for an end to the pandemic and better days ahead.

Alert: our top-rated cash back card now has 0% intro APR until 2025

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a lengthy 0% intro APR period, a cash back rate of up to 5%, and all somehow for no annual fee! Click here to read our full review for free and apply in just 2 minutes.

Our Research Expert

Related Articles

View All Articles Learn More Link Arrow