ðə bˈeɪsɪk pˈeɪ ɹˈeɪt fɔːɹ bˈoʊθ ɐkˈædəmi ænd nˈɑːnˈæktɪv dˈuːɾi ɹˈɑːtk kɐdˈɛts ænd mˈɪdʃɪpmˌɛn ɪz dˈɑːlɚ wˈʌn,tˈuːhˈʌndɹɪd sˈɛvənti tˈuː.twˈɛnti, ɪfˈɛktɪv wˈʌn dʒˈænjuːˌɛɹi tˈuː θˈaʊzənd twˈɛnti θɹˈiː, wˈɪtʃ ɪz "ðə mˈʌnθli ɹˈeɪt ˈiːkwəl tə θˈɜːɾi fˈaɪv pɚsˈɛnt ʌvðə bˈeɪsɪk pˈeɪ əvə kəmˈɪʃənd ˈɑːfɪsɚɹ ɪnðə pˈeɪ ɡɹˈeɪd ˈoʊ wˈʌn wɪð lˈɛs ðɐn tˈuː jˈɪɹz ʌv sˈɜːvɪs.
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.