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Old 12-15-2022, 10:30 PM
 
Location: Honolulu/DMV Area/NYC
30,633 posts, read 18,222,068 times
Reputation: 34509

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New BAH rates just dropped for 2023. The rate of increase is higher than the average rate of increase in rents on island judging from the increase for my pay grade.

https://www.defense.gov/News/News-St...iefing%20today.

I've been seeing a 6-8% increase in rents over the last year, whereas BAH rates have gone up by at least 13% in some cases.

In terms of impact, I'd wager that communities/LLs that target military service members will adjust their rates accordingly, but I do question exactly how much these rate increases/decreases effect the local market rates. At the end of the day, it's one thing if one group of people can afford an increase, but if other groups cannot then LLs will have to adjust accordingly
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