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is this salary good?

 
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jamo22



Joined: 30 Apr 2007
Posts: 47

PostPosted: Sat May 21, 2011 4:08 pm    Post subject: is this salary good? Reply with quote

Hi I've just been offered a salary of 25k a month, housing not included, but medical insurance is. Is this decent? The job is in kowloon. So presumably my apartment will be there, how much would a decent place set me back in this neighborhood? Would I be able to save anything? the hrs are pretty much 8:30-5:30. But im just really interested on whether I can live well on this amount.

Thanks
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jamo22



Joined: 30 Apr 2007
Posts: 47

PostPosted: Sat May 21, 2011 4:44 pm    Post subject: Reply with quote

maybe it was a stupid title, because I gave few details about the job. All I want to know is, can I live decently on this amount?
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Joshua2006



Joined: 04 Jan 2010
Posts: 342

PostPosted: Sun May 22, 2011 12:07 am    Post subject: Reply with quote

As mentioned, it depends on your lifestyle as to how much you'll save or be able to save.

Depending where in Kowloon and the size of the house will depend on how much you have left over....
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YujiKaido



Joined: 10 Oct 2010
Posts: 49
Location: ? Hong Kong ?

PostPosted: Sun May 22, 2011 4:19 am    Post subject: Reply with quote

Sorry to be off topic but to the OP What kind of training and experience do you have to get that kind of salary? Just wondering cause I will be looking for a teaching job in Hong Kong soon. Seems a pretty good salary to me, i have seen some people asking if they could live off 12,000. any info would be appreciated.
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kowlooner



Joined: 24 Jun 2004
Posts: 230
Location: HK, BCC (former)

PostPosted: Sun May 22, 2011 4:43 am    Post subject: Reply with quote

Yes, it's a good salary.

Kowloon is a big "neighborhood", so it's kind of hard to say what kind of rent you'll pay! But rents have gone up pretty much all across HK, so you'll have to work a bit to find a good mix of size / affordability / commute time. Say $6k at the low end, $10k low-medium. Assuming you're single, you can handle something smaller and therefore lower-priced.

You really have to define what it means to "live well". $25k is good, but it's certainly not extravagant.
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jamo22



Joined: 30 Apr 2007
Posts: 47

PostPosted: Sun May 22, 2011 8:32 am    Post subject: Reply with quote

Yujikado...I have no teaching qualifications aside from a 120hr tefl, and 3 years esl teaching experience in korea and China collectively. But I am professionally qualified in an unrelated discipline, so maybe that had something to do with it. It's a job with a reputable kindergarten, and I spoke to the owner for an hour on two separate occasions. From what was said, they value personality and I think the owner pretty much just wanted to see if I was friendly and trustworthy. They also said that they on occasion hire people with no experience teaching...not sure if that would be the same pay scale though...
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Serious_Fun



Joined: 28 Jun 2005
Posts: 1171
Location: terra incognita

PostPosted: Sun May 22, 2011 9:38 am    Post subject: Re: is this salary good? Reply with quote

jamo22 wrote:
but medical insurance is.


did the employer tell you that insurance is "included" or "reimbursed"? We have a public health system here - if the school told you that it is "included" then they are using standard features as selling points.

"This vehicle comes with four tyres"

also: how many hours per week? 25K for 6 days of work? no thanks.
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jamo22



Joined: 30 Apr 2007
Posts: 47

PostPosted: Sun May 22, 2011 10:17 am    Post subject: Reply with quote

As I said before, I'm not interested in whether the money is commensurate with the job. I can make up my own mind about that if I know how far 25 000 goes in hong kong. So maybe I should have named the discussion "how far does 25 000 go in a month"

Thanks for your comment though, I will look into the medical insurance again.
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sistercream



Joined: 18 Dec 2010
Posts: 497
Location: Pearl River Delta

PostPosted: Sun May 22, 2011 1:00 pm    Post subject: Reply with quote

How far 25K a month goes depends on your lifestyle!! Do you like to party? Are you a teetotaler? Can you live exclusively on local food, or do you need your cheese, processed cereals, western-style meats and good coffee? Do you like to buy every new gadget and/ or fashion that comes along, or are you happy to use what you have until it falls apart? You'll need to balance out your commuting tolerance with how much space you need and what kind of neighbours you're prepared to put up with. Apartments here are MUCH, MUCH more expensive than even in Beijing or Seoul.

For whatever it's worth, I can live carefully but reasonably comfortably on 15K out in the New Territories, but I know plenty of expats who can't support the lifestyle they would find comfortable on 40K.
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oxi



Joined: 16 Apr 2007
Posts: 347
Location: elsewhere

PostPosted: Sun May 22, 2011 2:37 pm    Post subject: Reply with quote

sistercream wrote:
How far 25K a month goes depends on your lifestyle!! Do you like to party? Are you a teetotaler? Can you live exclusively on local food, or do you need your cheese, processed cereals, western-style meats and good coffee? Do you like to buy every new gadget and/ or fashion that comes along, or are you happy to use what you have until it falls apart? You'll need to balance out your commuting tolerance with how much space you need and what kind of neighbours you're prepared to put up with.


Agreed. Tell us what you're hoping for as 'decent' or we can't say much.

Eg. Basic flats near me in Jordan, Kowloon are about 9K for 300 sq.ft. I spend another 10K a month 'living'.

If y