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Just kind of a curious question that came to mind while looking at this answer about who gifted Harry the Nimbus 2000 (a fairly expensive broom at the time, I would imagine) which says it was McGonagal who gave it to him (although apparently through the school, while reading more and the linked non-dupe question).

Although I suppose she didn't pay for it herself, it still got me thinking... Compared to other professions in the wizarding world, how well are the professors payed? I cannot recall anything in either the books (which I have not read in some time) or the films, where they ever talk about their salary.

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it appears to be typical to what a muggle teacher would make, enough, but not too much, because slugghorn is always looking for more money to increase his personal comforts which he cant afford normally on his teachers salary – Himarm Jan 21 at 16:10
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Slughorn would demand more money anyway, he is an opportunistic kind of character that takes what he can get his hands on, so what if he has to break a few little rules... he must be the quintessential Slytherin :P – BMWurm Jan 21 at 16:16
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Enough to persuade new DADA teachers to take the job, year after year, despite the appalling track record of former candidates. – alexwlchan Jan 21 at 16:17
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To be fair, it didn't really persuade DADA teachers to take the job. Even by Chamber of Secrets Lockhart (the idiot) was (in Hagrid's words) the only man for the job. Lupin had pretty much no other choice and was a friend of Dumbledore's. Moody was doing Dumbledore a favour - one year only. Umbridge inserted herself in for political reasons and the only reason she could was nobody else would have it. And Snape, of course, was the guy on the inside – Au101 Jan 21 at 17:10
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@Himarm muggle teacher salaries vary wildly, based on subject, gender, experience, geographical location, age range taught, school prestige, etc. "Teacher" could net you $20,000 a year or upwards of $200,000. – TylerH Jan 21 at 22:19
up vote 29 down vote accepted

Slughorn isn't bowled over by his salary even after his raise. When Harry takes Felix Felicis and runs into Slughorn before Aragog's burial, he explains what he's doing and Slughorn realises there's an opportunity to collect some venom and so goes down to Hagrid's, gets drunk and eventually hands over the memory. While he's talking himself into this we get:

'... seems an awful waste not to collect it ... might get a hundred Galleons a pint ... to be frank, my salary is not large ...'

Harry Potter and the Half-Blood Prince - p.450 - Bloomsbury - Chapter 22, After the Burial

However, the strong indication throughout the book is that he's doing alright for himself. He's accustomed to a pretty high standard of living and his idea of "not a very large salary" may differ a little from yours or mine.

Slughorn took another deep draught from his mug, his eyes moving carefully around the cabin now, looking, Harry knew, for more treasures that he might be able to covert into a plentiful supply of oak-matured mead, crystallised pineapple and velvet smoking jackets.

Harry Potter and the Half-Blood Prince - p.455 - Bloomsbury - Chapter 22, After the Burial

If you're asking me, I'd say probably enough to put you right in the middle of the middle class.

Real world teachers in Britain apparently earn £22,023 (new qualified) to £32,187. I would imagine Slughorn's salary is right at the top end of this range in the wizarding world (adjusted for PPP and all the rest of it) - probably slightly more.

Another thing to consider is that Hogwarts teachers apparently get full bed and board for all the time they're teaching. What this means is that if you don't have any dependants, a large percentage of your salary is disposable income. Which means that Slughorn's salary probably goes a lot further towards his cushy lifestyle than the salary of a teacher who was married and with kids. So the fact that Slughorn seems to have quite a nice life may be related to how much of his money is his to spend on sweets and comfy chairs. He, also, of course, gets quite a lot of gifts from ex-students.

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Definitely agreed that Slughorn's idea of his salary is probably skewed by his standard of living. – DangerZone Jan 21 at 17:06
    
FYI, the teacher wages you quoted are the basic pay - it goes up further if you have years of experience or added responsibility. I would say Slughorn is eligible for both of those. – ThruGog Jan 21 at 22:19
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In particular, Slughorn's lifestyle seems a heck more expensive than McGonagall's. Even from a small salary, she would probably manage to save up a significant amount over the years. – leftaroundabout Jan 22 at 0:49
    
@leftaroundabout - Yes, Pottermore says that McGonagall used to have a house but now lives at Hogwarts, so that's a big saving. I imagine several of the teachers owned a property (or rented one) beyond the school even if they stayed there during term time (we know this is true of Snape) so McGonagall should certainly have more savings than most. – ThruGog Jan 22 at 7:14

Salary for professors at Hogwards was never mentioned and the only salary that was, was the salary of Hit-Wizards. Now since Hit-Wizards are sent primarily against criminals (Aurors capture dark wizards not common criminals) they are equivalent of police in our world.

Acording to payscale.com police officer's average yearly salary is US is $48,815 while Professor's average salary is $89,005 making it almost a double of policeman's.

Now a Hit-Wizard trainee has a starting salary of 700 Galleons per month.

If you apply real world pay differences to the wizard world Hogwarts professors would earn about 1500 Galleons

Now since 1 Galleon = £5.00 (more or less US$9.75) it would bring his paycheck to $14,625 per month or $175,500 per year. On payscale.com they say Proffesor can earn anywhere from $50K to $158K which would mean that Hogwarts Proffesor are very well paid.

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Where are Hit-Wizards mentioned? – Luke Jan 21 at 21:04
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It was mentioned as job offering in The Daily Prophet newsletters. I believe it was second one (Feb 8th 1999). Job offer was: "A trainee has a starting salary of 700 Galleons per month, a Ministry of Magic broomstick, and his or her own regular bed at St Mungo's" This information can be found on Hit-Wizard page on official Harry Potter wiki as well – Vanja Vasiljevic Jan 21 at 21:17
    
@VanjaVasiljevic Nice find! – cst1992 Jan 22 at 10:06
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Note that your cited source's "Professor" is a post-secondary professor, meaning a tenured (or tenure-track) faculty member at a college or university. Better matches from that site are high school teacher: $47k, secondary school teacher: $46k, and secondary school teacher (not not "special" or "vocational" education): $45k. Worth noting that these people are paid less than the police officers you cite. – Eric Towers Jan 22 at 13:40
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@corsiKa : You'd hope that Hogwarts teachers would be the best people one could find, but there is a significant body of literature on the people actually hired to those positions and their many deficiencies and failings... – Eric Towers Jan 22 at 18:49

The only salary mentioned in the books, that I remember, is the one that Dumbledore offered to Dobby. It was 10 galleons per week. We could accept this as the "minimal wage" of the Wizard's world.

Another point of reference are the 700 galleons won by Arthur Weasley - they are mentioned as "grand prize". So they are at least several times more than the average salary in the economy.

Based on that - teacher will get at least double of the minimal wage that as starting salary. So about 80 to 100 galleons per month for fresh start teachers like Lupin, Lockhart or Hagrid is a reasonable assumption. Senior teachers like Snape or McGonnagal would get more - maybe up to 200.

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There is nothing canon to that effect, however it is presumably relatively competitive as we see professors able to spend money on luxeries with no apparent worries. Furthermore, they are able to keep recruiting DADA teachers for DECADES, with a rate of one a year. This suggests that the pay is probably relatively high.

Sorry I can't be more thorough

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