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this post was submitted on 04 Nov 2023
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It depends on where you live. This teacher wasn't in NYC, but a salary of $47,500 might not get you much there. Your rent alone could take all of your post-tax salary.
And don't forget that teachers also often have to pay for classroom supplies (including things like tissues which should just be given to them by the district). So their expenses can be higher than other people's. They are also expected to continue learning - often on their dime.
But setting all that aside, $47,500 would be about $36,000 after taxes which is $3,000 a month. A $125,000 student loan at 6% interest to be paid off in 7 years would cost $1,826 a month. That leaves her $1,174 to live off of.
There are a lot of people who go into the teaching profession and quickly leave it once they realize that they can't survive on a teacher's income. Teachers deserve more.