COST OF LIVING IN CHINA: BUDGET TOOL

This tool will help you answer the question: How much can I earn (and save) teaching English in China. Because it's creating a monthly budget it'll work fine if you're not a teacher, but you'll need to adjust some fields like bonus and airfare reimbursement to fit your job.


The budget has default answers and numbers filled in, change what you need and press calculate. To find out more about a field (and how it is calculated) click the text for it.


You can share the budget with your own numbers by changing them and then pressing custom URL. You'll get a link to your own custom version of the budget

Enter your monthly salary. It has to be in Yuan.
Nationality sets the flight costs and can sometimes affect tax and pensions. If your nationality isn't listed, don't worry it won't make much of a difference.
The official line is it's mandatory but in practice your employer might offer it or not.
Hopefully this one is pretty self explanatory. It's relevent for tax.
In a larger city like, Shanghai, Guangzhou, Beijing or Shenzhen the rent is noticeably higher.
This only changes the totals (usually in green). All the monthly expenses, startup and end of year costs still have to be in Yuan.
¥5705
Or 3.8 nine course meals at Raymond Blanc's restaurant.
¥75460
Which is 3.9 tweets from former heavyweight champion of the world, Mike Tyson.

THE BREAKDOWN

TAX AND INSURANCE

TAX BREAKDOWN

SOCIAL SECURITY BREAKDOWN

Unlike the other budgets the breakdown for China is per month rather than per year.
A tax default deduction which everyone gets. Pretty much every tax system has one.
(¥)
The amount of your salary that can be taxed once deductions (social security etc.) are removed.
(¥)
The total amount of income tax you'll have to pay a year.
(¥)
Unlike the other budgets the breakdown for China is per month rather than per year.
¥7785

STARTUP COSTS

You can alter the values in these fields
Upfront housing costs are things like key money, deposit and upfront rent. Deposits you get back, the other two you don't.
(¥)
This is an average price from Hopper.com from the 5 largest cities of your country to the largest destination airport.
(¥)

MONTHLY EXPENSES

You can alter the values in these fields
If you know where you'll be living then it might be worth looking up prices to change this.
(¥)
These are bills for the apartment, things like gas, electricity, building maintenance etc.
(¥)
The cost of an internet connection. Hopefully this one is obvious.
(¥)
This food budget assumes you can manage without mass buying western groceries e.g. cereal.
(¥)
This is the cost of getting to work and back, it doesn't cover train trips away etc.
(¥)
The cost of getting a local mobile plan. If you use a lot of wifi you could reduce this.
(¥)
This is very person specific so we've left this at 0 and you'll need to change it.
(¥)
¥5705
¥5165

END OF YEAR ROUNDUP

You can alter any of the values in the top row.
The cost of the plane trip back. See airfare there for how it's calculated.
(¥)
This is the amount given to cover plane tickets.
(¥)
An end of year bonus equal to one months salary is very common.
(¥)
Some apartment startup costs aren't refundable. The deposit is.
(¥)
You can download an Excel spreadsheet of the budget if you'd prefer to here. And if you have any suggestions for things that would be useful added or just want to discuss the finer points of the tax calculation, click here to email me and lets talk.

You can find long explanations of all the tax calculations in the country tax sections complete with examples!

Here's a really standard tax disclaimer: We're not tax lawyers, this isn't official tax advice. You're responsible for what you do, if you're unsure of anything you'll need to talk to a proper tax lawyer and all that good stuff. I'm sure you knew all this anyway.


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