How much does the president make? A breakdown of salary, pension and perks. (2024)

Though the leader of the free world,the president of the United States is ultimately still a federal employee.They earn a salary just like many working people across the country, though that salary isheftierthan most. The financial perks the office providesare also immense – free housing, food, travel and security– faroutweighing a few catered lunches or swag bags from your average workplace.

How much does the president actually make, and how has it changed over the years? Do they pay for travel? How about dining out? Here's what to know:

How much does the president make?

The president's salary currently sits at $400,000 annually. This amount was setby Congressin 2001, with the passage of a provision in the treasury appropriations bill.

Prior to that, the President's salary hadbeen locked inat $200,000 for 30years. The pay increase was deemed appropriate in part as a symbol of respect for what is one of "the most difficult, demanding and important jobs on the face of the Earth."

Along with this salary, the President is allotted $50,000 for expenses,$19,000 for entertainment, and given access to a$100,000 non-taxable travel account, CNBC reports.

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How much of a pension does the president get?

A president remains on the federal government's payroll evenafter leaving office. He or she receives a pension equal to that of a cabinet secretary, in accordance with the Former President's Act.

NBC news reports that the most recent former president, Trump, receives a federal pension of $230,000 annually.

What is the salary of the vice president?

Since the vice president's salary is not outlined in the constitution ordefined as an explicit numberin the tax code, it is more subject to change and increases alongside the cost of living.

The Vice President's salary now sits at$235,100 annually.

During President Trump's term, House republicans aimed to increase the vice president's salary substantially. At the time, the annual salary had been frozen at its 2010 level of $230,700. Lawmakers aimed to lift the freeze, which would have boosted the salary to$243,500.

A dispute with Democrats in the House led to a compromise of a 1.9% salary increase, applied to all federal workers, which ultimately brought the annual earnings of the office to the current level.

What is the White House press secretary's salary?

The current white house press secretary, Karine Jean-Pierre earns $180,000 annually, according to the 2022Annual Report to Congress on White House Office Personnel.

This salary falls towards the top of White House personnel, making her among the highest earners in the West Wing.

How much does the Senate Majority Leader make?

The Senate Majority Leader, currently Senator Chuck Schumer, D-NY, makes$193,400 per year.

This is a higher salary which is awarded both to the majority and minority leaders of the Senate, as well as thepresident pro tempore. All other senators currently make $174,000 per year.

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How much does the president make? A breakdown of salary, pension and perks. (2024)

FAQs

How much money does the president make per year in salary and benefits? ›

The President shall receive in full for his services during the term for which he shall have been elected compensation in the aggregate amount of $400,000 a year, to be paid monthly, and in addition an expense allowance of $50,000 to assist in defraying expenses relating to or resulting from the discharge of his ...

What is the president's salary quizlet? ›

Currently, the President is paid $400,000 a year. 2. Congress has also approved an expense allowance for the President, which is currently $50,000 a year.

What does the Constitution say about the president's salary? ›

Article II, Section 1, Clause 7: The President shall, at stated Times, receive for his Services, a Compensation, which shall neither be encreased nor diminished during the Period for which he shall have been elected, and he shall not receive within that Period any other Emolument from the United States, or any of them.

Does the president get a raise in salary each year? ›

The Constitution prohibits Presidential pay changes until the end of the current President's term in office.

Does the first lady get paid? ›

Over four years, Mrs. Trump showed how pretty much every aspect of being first lady, which carries no salary and no formal job description, is optional. In nearly every way, the two women are a study in contrasts: Dr. Biden shaped the role in a way that allowed her to preserve her career and identity, while Mrs.

How much does President Biden get paid per year? ›

Biden draws a $400,000 wage as president of the United States.

Who determines how much salary the President receives? ›

Answer and Explanation: Congress sets the salary of the president. The Constitution granted Congress the power of the purse, and with this power, they make the determination on where the nation's money is appropriated.

Who determines how much salary the President receives according to the Constitution? ›

The president's salary is set by Congress.

How does the Twenty Fifth Amendment affect the presidency? ›

Section 1: In case of the removal of the President from office or of his death or resignation, the Vice President shall become President.

Do vice presidents get Secret Service for life? ›

Congress passed legislation (H.R. 5938); the “Former Vice President Protection Act of 2008,” which authorized Secret Service protection for former Vice Presidents, their spouses and their children less than 16 years of age for up to six months after the Vice President's term in office has ended.

How much is the presidential pension? ›

The secretary of the treasury pays a taxable pension to the president. Former presidents receive a pension equal to the salary of a Cabinet secretary (Executive Level I); as of 2020, it was $219,200 per year and since January 2022, $226,300. The pension begins immediately after a president's departure from office.

Do presidents get Secret Service for life? ›

How long do former presidents receive Secret Service protection after they leave office? In 1965, Congress authorized the Secret Service (Public Law 89-186) to protect a former president and his/her spouse during their lifetime, unless they decline protection.

How much does Speaker of the House earn? ›

Leadership and other positions
PositionSalary
President pro tempore of the Senate$193,400
Majority leader and minority leader of the Senate$193,400
Majority leader and minority leader of the House of Representatives$193,400
Speaker of the House of Representatives$223,500
3 more rows

How much does a congressman make? ›

Additional information on many of these topics may be found in reports referenced throughout. The compensation for most Senators, Representatives, Delegates, and the Resident Commissioner from Puerto Rico is $174,000.

What is the highest paying job? ›

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  • Anesthesiologist. #1 in Best-Paying Jobs (tie) ...
  • Obstetrician and Gynecologist. #1 in Best-Paying Jobs (tie) ...
  • Oral and Maxillofacial Surgeon. #1 in Best-Paying Jobs (tie) ...
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  • Nurse Anesthetist. #5 in Best-Paying Jobs. ...
  • Pediatrician. #6 in Best-Paying Jobs. ...
  • Orthodontist. ...
  • IT Manager.

What is the highest paying job in the world? ›

Details on the Top 5 Highest Paying Jobs in the World
  1. Chief Executive Officer (CEO) Topping the list, being a CEO gets you the highest paying job in the world, no matter where you work. ...
  2. Anesthesiologist. ...
  3. General Surgeons. ...
  4. Psychiatrist. ...
  5. Data Scientists.

Does the president pay taxes? ›

The President and First Lady filed their income tax return jointly and reported federal adjusted gross income of $619,976. They paid $146,629 in federal income tax, and their 2023 effective federal income tax rate is 23.7 percent.

How much do people who protect the president get paid? ›

What are Top 10 Highest Paying Cities for President Bodyguard Jobs
CityAnnual SalaryHourly Wage
San Francisco, CA$230,982$111.05
San Jose, CA$223,344$107.38
Oakland, CA$218,557$105.08
Hayward, CA$218,184$104.90
6 more rows

How much is the president paid each year during their time in office? ›

President of the United States
FormationMarch 4, 1789
First holderGeorge Washington
Salary$400,000 per year
Websitewww.whitehouse.gov
13 more rows

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