The average American Soldier earns $15,600 per year. While this may seem low, remember that room and board as well as all other expenses are paid for. The rank of the soldier in question is the most decisive factor in determining their salary. A lot of privileges and incentives are received by soldiers. Privileges include concessions on education, health, housing and travel. The standard of living is high and should maintain a disciplined life. The minimum educational qualification is a graduation in any field. The selection process is very tough which includes physical, mental and general knowledge and the toughest of the lot gets selected.