The standard cost of living SIM has established for a family of five working in Loja is $6,242/month. The following is a breakdown of this amount as well as descriptions of some of the line items:
| Salary | 2,600 | |
| Housing Allowance | 400 | |
| Education | 100 | |
| Home Assignment Housing Reserve | 175 | |
| Current Retiree Assistance | 85 | |
| Admin – Sending Office | 500 | |
| Assistance to Home Staff | 125 | |
| Admin – International | 90 | |
| Admin – Field Office | 53 | |
| Passage Reserve | 300 | |
| Medical Insurance | 1,025 | |
| Retirement 403(b) | 250 | |
| SECA Tax | 539 | |
| Total | $6,242 |
Administration & Services: This includes many things, such as…
– Receipting for all donations.
– Resources to help us share our vision and the vision of SIM
– Help in navigating the world of visas, passports, and other legal aspects of international travel and living.
– Team training and consulting on the field.
– Member care.
– Operating expenses for seven international sending bases and an international headquarters office.
Passage Reserve: This portion is set aside each month to cover travel costs for our family’s home assignment in the U.S.
Medical Insurance: This includes premiums for medical, dental, and vision. It also includes medical emergency evacuation insurance in the event that any of us needed to be evacuated to a country with better medical care in an emergency. Co-pays and deductibles are paid out of our salary.
