Low Cost of Living means High Disposable Income
The cost of living in China is substantially cheaper than what most will be used to at home, so although your monthly salary may be lower, it is likely that it will go a very long way in terms of purchasing power in China. As a comparison, English teachers in China generally earn up to 3 times more than that of a local Chinese teacher, and often more than a doctor! Teachers can afford a comfortable lifestyle and enjoy daily meals at restaurants, cinema trips, visiting bars and tea houses, shopping trips, gym membership, massages….and the funds to go on weekend trips to explore other areas of China.
Opportunity China do not work with any schools that pay less that RMB7,000 per month, and many pay upwards of RMB10,000 per month. You’ll also receive a good benefits package on top of your salary, which should include repayment for an international flight, accommodation allowance or apartment, an end of contract bonus, health insurance and maybe even free Chinese lessons and lunches! With all of these costs covered, this leaves a lot more of your salary in your wallet at the end of the month. Monthly bills are surprisingly cheap at around 200 to 400 RMB (£20/$30 to £40/$60), plus a cell phone bill of roughly 300 RMB (£30/$45)
Save, save, save!
In your home country you may be used to saving only a small percentage of your monthly salary due to the high cost of living. In China however, many teachers are able to save around 50% of their monthly salary!
Teachers who eat at local restaurants and prepare their own meals, do not party too much and not live too ‘wild’ a lifestyle can still live a comfortable life in China while also accumulating substantial savings. It is certainly feasible to save 4,000 RMB per month which means at the end of a 12 month teaching contract you could have 48,000 RMB saved up!
Read our blog post: The financial benefits of teaching in China