On The Ministry Minute, shorter episodes on the SCBA Leadership Podcast, we talk about the minister's salary package and annual pay increases. The idea for this topic came from a FaceBook post by DOM Matt Singleton after reading that the income needed to purchase a typical U.S. home has increased by 79% in just 5 years ...
"It is a shocking statistic even though personal experience tells me it's not too far off. So, I did a quick search on 3 AI/LLM search engines and they all said the statement is accurate. Churches hoping to call a new minister will need to take this into consideration. Even if you have a parsonage, you want to pay your minister enough to eventually afford a home down the road. This may also mean some churches who have traditionally had a full-time minister will need to move to offering a strong bi-vocational pay package. Another surprising number: COLA (Cost of Living Adjustment) for the past 5 years is 21.6%. If your staff salaries have not increased by that amount since 2020 then you've effectively given your minister a pay decrease."