Teachers’ living wages are important in a state’s effort to retain and attract potential teachers. When comparing a teacher’s living wage to the cost of living the numbers differ greatly. Cities that are regarded as having higher salary wages fare below average when the local cost of living is determined by prices for a basket of consumer goods and services. Prices for housing, groceries, utilities, health care and so forth vary from city to city and region to region. (D. Georgiou, P. Villarreal, M. Moore, 2005) Determination of teacher pay is a combination of years of service, level of education and continuing education credits. Traditionally the teaching career compared to other fields was seen as not financially lucrative. It may surprise you that the average teacher's hourly wage is very competitive with many professions, including private sector jobs such as accounting. In many districts teachers are also paid for the extra hours they spend in professional development training. Besides the base hourly rate, there are many other ways teachers are able to supplement their income - tutoring, coaching, summer school, and more. (Teacher Portal, n.d.)
In Tennessee and other states another benefit for prospective and current teachers are The Teacher Next Door Program sponsored by HUD, that offers 50% off the sale price of single-family houses, condominiums, and townhouses to teachers who are willing to live in low to moderate income neighborhoods. Also teachers who teach in low-income schools may qualify for The Stafford Loan Forgiveness Program for Teachers. Teachers can have up to $17,500 in principal and interest on their FFEL and or Direct Loan Programs forgiven or cancelled. Considering the what the totality of what teachers are required to teach, manage and provide to this diverse generation of students, they deserve all these benefits respectively and more!
References:
D. Georgiou, P. Villarreal, M. Moore. (2005). NCPA Article.
Teachers Cost of Living Matters More. No. 535
Website retrieved 11-7-2011
https://elearn.mtsu.edu/d2l/lms/content/viewer/main_frame.d2l?ou=2975445&tId=19133317
Teacher Portal Website. (n.d.) Teacher Salaries. Retrieved on 11-7-2011
http://www.teacherportal.com/salary