When you’re ready to start a new chapter in your life, you may feel the urge to be spontaneous and move. Traveling to different states, or countries can significantly influence who you become, but there are several factors to consider before making that decision. According to the Census Bureau, the net international migration rate is projected at 2.8 million from July 2023 to June 2024.
Moving to a new place within the United States or out of the country can provide invaluable wisdom and experiences that are often harder to gain by staying at home. Things like, making new friends, finding new eateries and hangout hotspots, and searching for community. While that may seem challenging, it’s only half the battle. Researching the cost of living, employment resources, quality insurance, healthcare providers, and the atmosphere of your desired new neighborhood, can all dictate where you’ll land next.
Whether you’re ready for something new, or life has derailed your plans, we’ve put together a checklist of essential factors you’ll need to know ahead of moving day.
Have A Full Savings Account
Having a robust savings account is a smart step before relocating. This safety net will assist you with unexpected expenses, like if your car breaks down or housing struggles. According to PNC Bank, before moving, it’s suggested to have three to six months of living expenses, which can include rent or mortgage, bills, and emergencies.
Weather
Understanding the temperature and humidity levels throughout the year in the city you plan to move to is crucial. If you’re from the south, a New York or Chicago winter will be a surprise. If you’re from rainy Seattle, moving to Miami might be a culture shock. While the weather may seem consistent where you are currently, in other areas it changes by the day or the season, drastically. Are you willing to take the train in the snow, or walk in the heat?
The Neighborhood
Understanding the neighborhood you plan to move to is important for a successful transition. Resources like Realtor, Trulia, and NeighborhoodScout will help you consider various factors. including potential crime rates, a walkable score, commuting services, grocery stores and gyms. Living in the city may be noisier than a suburb, however, a suburb may require quiet hours within the community. Understanding not just where to live, but type of living will be a big decision.
Cost Of Living
Researching the cost of living in your potential new city, will be most worthwhile. Taxes vary by state to state, which may affect your paychecks. This has a snowball effect of affecting your finances, rental options, and daily costs. Websites like NerdWallet are dedicated to helping you navigate these issues by breaking down what’s affordable based on your new potential paycheck. Additionally, the cost for the move itself may need to dip into your savings, especially if it’s to a further state or out of the country. It’s best to be prepared by doubling the amount you think you may need.
The Traction For Employment
Zip Recruiter, LinkedIn and Indeed can assist you in finding work, within your new area, if you are leaving your old one. Although, securing a job prior to relocating is suggested, that doesn’t mean it’s not impossible. Paid internships that could lead to a salary position, taking a step back to entry level, or even a temporary job, could help fund your needs for the moment as you continue to search for something sustainable.
Political Climate of the State or City
Understanding the political environment of your new city can also alleviate stress. Take time to learn about the elected officials in the region, as well as those influencing urban planning and development. Get involved in the community by joining local organizations, and attending town hall meetings to better understand how regional and local officials are impacting your potential new home.