Would you like to save $15,000 while teaching abroad? That’s exactly what many ESL Job Link teachers have been able to do.
Aside from the cultural experience and being able to enrich the lives of children, one of the top reasons that Americans love teaching in South Korea is the financial benefit. It makes sense, then, that many of our applicants want to know more about the financial aspects of a typical placement, including possible salary, living expenses, health insurance premiums and estimated saving potential.
Through a survey of ESL Job Link teachers about their financial situation after teaching in South Korea for one year, this is what applicants can expect on average:
- Monthly utilities: $50 – $150
- Monthly transportation: $50 – $150
- Monthly food: $150 – $500
- Monthly leisure: $100 – $500
- Monthly salary: $2,000 – $2,300
- Monthly saving: $700 – $1,200
- Severance pay: $2,000 – $2,300
- Savings after one year: $10,500 – $16,500
Teachers were also able to take an average of one to four trips outside of Korea while teaching.
How are teachers able to save so much money during their time teaching abroad? Our teachers do not have to pay for their rent, and the cost of utilities, transportation, food and leisure is very cheap in South Korea. Income tax is also very low or exempt, and medical costs are inexpensive.
To learn more about how a teaching job in South Korea could advance your career and boost your saving potential, contact ESL Job Link.