It is not impossible to make more than I made as an American high school teacher in China while enjoying the lifestyle that comes from living a developing countries cost of living. It’s the land of $5 massages, $2 meals, and easy-to-find $20/hr part-time work. It usually takes time though. For comparison, Saudi Arabia is usually hailed as having the best salaries for TEFL teachers in the world. An older friend looking to buy a house and retire with his wife in Thailand did the calculations of what it would take to get that house factoring in salary and cost of living expenses. Two years, he said, in Saudi Arabia but just three in China. The bottom line is that you won’t be poor teaching in China, and in fact can have a higher quality of life than teaching in America.
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