Normally, any wizard qualified to be a Hogwarts professor holds a fairly high social status.
Although the Defense Against the Dark Arts position had been a scarce resource for decades, causing Professor Dumbledore a massive headache every year when searching for a new instructor, he never lowered his standards—Lockhart being the sole exception; Dumbledore had actually read those books and found some genuine substance between the lines, but who could have guessed that he was merely a memory thief?
None of them were ever short of money.
Chapter 247