China ESL Budget
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Enter Your Salary (Per month in RMB)Are you living in a big city (China, Shanghai etc?) - Yes or NoSample Items (City)PriceTax Calculation Notes
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¥8,000noFood
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Do you have to pay social security?Milk (1 litre)¥14Income tax in China depends on how long you remain in the country, for the purposes of most teachers there will be no way of avoiding it.
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noCheese (500g)¥80
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Dozen Eggs¥18
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Income Tax Deduction¥4,800White Bread ¥10
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Taxable Income after Deductions¥3,200Rice (1kg)¥10To calculate it we remove the general deduction for foreigners (4,800 monthly) and then we can also claim meals and rent as tax free. (Although they will need to be documented.)
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Social Security0Chicken Breasts¥20
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Income Tax¥2151 packet of cigarettes (Marlboro)¥25
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Domestic Beer (0.5 L)¥5
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Salary After Tax (Month) ¥7,785The remainder is then taxed on progressive income brackets that you'll recognise from most countries.
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Miscellaneous
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Monthly ExpensesGym (per month)¥100 - 300
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Rent*¥0Slow Train (Xian - Shanghai)¥280
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Utilities (Gas, water, electric, garbage)¥450Hourly Cleaning¥20 -30
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Internet¥150Movie Ticket (International Release)¥75
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Food¥1,200Eating Out (Local)¥30 - 40(Drinks not included)
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Travel*¥200Eating Out (Western)¥80 - 120(Drinks not included)
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Insurance¥0Street Food ¥10
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Mobile Plan¥80
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Salary After Expenses (per Month)¥5,705Why the questions?
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Most prices increase in the larger cities however rent is the easiest one to measure as well as being the largest so that's what we take into account.
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Totals for the Year
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Yearly Money Earned (Salary)¥96,000
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Bonus*¥7,000Do you have to pay social security? Usually no, there's a full explanation of it along with some tax examples below.
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Airfare Costs*¥6,952
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Airfare Reimbursement¥6,952A Guide to Expat Tax & Social Security in China 2014
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Total Earned¥103,000
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Total Earned After Expenses¥75,460Created by teflSearch
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You're free to put this wherever you like, or use it wherever you like as long as you leave the logo and the link on.
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Notes*
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Rent is the rough price for a 70sq ft aparment for a single person.Some schools will pay for you rent or provide an apartment, it seems to be about half an half. Although I've left it out you could definitely change rent to zero or add 25,200 RMB to your final total.
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Travel doesn't include flights, long train journeys etc. Just commuting to work.If you have any problems or find errors please email me at info@eslsearch.net
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Food budget depends heavily on how much you want to eat western food. This budget assumes only a small amount of western products. Dairy is by far the worst. Very expensive.Airfare is typically included in China, so I've put it in the sample budget
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Most contracts also include a finishing contract bonus, or in the case of Disney for example a bonus on finishing your training contract.
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