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New City, New Life? 9 Financial Struggles You’ll Face (And How to Survive Them)

April 1, 2025 By Teri Monroe Leave a Comment

moving to a new city
Image Source: Pexels

Moving to a new city comes with excitement, but also unexpected expenses. From relocation costs to housing, taxes, and a higher cost of living, your budget may take a hit. So how can you stay financially stable during the transition? Here’s how to navigate the challenges and keep your finances in check.

1. High Moving Costs

Moving costs, especially if you are moving far can be a financial burden. If you are moving for work, ask your employer about a relocation package to help offset some of these costs. Otherwise, you may want to consider doing some of the moving yourself by renting a U-Haul truck or packing up your belongings yourself. This can help you save a good amount of money.

2. Housing Costs

Housing costs are usually one of the biggest financial stressors when you move. You may be stretched thin trying to provide money for rent including a security deposit. If you’re buying a home, your down payment and mortgage payments may also have drained your savings. If you’re feeling broke, make sure to adjust your spending habits until you can get back on track.

3. Increased Cost of Living

The things you once were able to comfortably afford may be more expensive in your new city. Groceries, gas, and eating out may all be more expensive. If this is the case, make sure you adjust your budget accordingly and consider bringing in additional income if you can’t find ways to make your budget work with an increased cost of living.

4. Lifestyle Creep

Is your new city more expensive than your last? You may find that lifestyle creep becomes a financial struggle for you. The things you once were able to afford may not be within budget anymore. You also may feel a strong fear of missing out on experiences in your new city. Try and balance how you spend your money and not let your new city blow your budget.

5. New Job Hunt

If you move without a job, you may face the financial struggle of job hunting. Hopefully, you’ll be able to use your emergency fund or savings to get you by while you look for a new job.

6. Transportation Costs

You may need to get around in a different way when you move. Maybe you’re used to walking or using public transit, but that isn’t an option in your new location. You may need to invest in a car if that is the only way to get from place to place.

7. Higher Taxes

If your new area has higher taxes, make sure that you budget appropriately. You may have to pay more in income tax, sales tax, or property tax in your new city.

8. Higher Utility Bills

Changes in weather in your new city may leave you with higher utility bills than you are used to. Especially when you are unsure how much your utilities may cost, it may come as a shock. To lower your bills use energy-efficient appliances, unplug devices, and compare utility providers.

9. Healthcare Costs

When moving to a new city, make sure that your new doctors are in-network. Don’t get caught going to doctors that are out-of-network, which will cost you more out-of-pocket. Especially if you are switching healthcare plans, your premiums may also increase in a new city. Be sure to check what your insurance coverage entails.

Are you moving to a new city? What unexpected costs have surprised you?

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Teri Monroe Headshot
Teri Monroe

Teri Monroe started her career in communications working for local government and nonprofits. Today, she is a freelance finance and lifestyle writer and small business owner. In her spare time, she loves golfing with her husband, taking her dog Milo on long walks, and playing pickleball with friends.

Filed Under: budget Tagged With: increased cost of living, moving expenses, moving to a new city

Our Cross Country Move: One Year Later

July 13, 2015 By MelissaB 4 Comments

Almost one year ago, our family made the move from Chicago to Tucson, Arizona.  Honestly, I wasn’t that excited to be moving so far away from my family in the Midwest, but we thought the move would only be for two or three years.  The move was a smart choice for my husband’s career (something we still believe), so I tried to make the best out of it.

Now, a year later, I’ve found that a cross country move can evoke a wide range of positives and negatives.

The Positives

Cross Country MoveKeeping in touch with relatives is easy, thanks to technology.  My mom has made the trip out to Tucson three times in the year we’ve been here, so we’ve been lucky to see her so frequently.  Because of the cost of taking our family of five such a distance, we only expect to be able to travel to see her once a year.  She’ll likely cut her trips down to once or twice a year to see us from now on.  However, thanks to Skype, keeping in touch is easier than ever.  Whenever the kids miss grandma, we just Skype with her.

Having a back yard is priceless.  In the Chicago suburbs where we lived, we just had a tiny patch of yard.  Since we were renting, we couldn’t do anything with it.  Now, we have a full back yard for the kids to play in and we have three garden beds (though we’re still learning how to grow anything in this crazy desert).

A cheaper cost of living rocks.  No surprise, Chicago was expensive.  We could never own a house because property taxes alone were $12,000+ a year, and starter homes in less than ideal conditions were easily $350,000 as a starting price.  In Tucson, we’re able to own our own home, and the property taxes are a fifth or less of what they were in Chicago.

The Negatives

All health insurance policies are not the same.  My husband’s health insurance policy in Chicago was generous, but we always found it very annoying that medical bills were not paid until 9 to 12 months AFTER the appointment.  (Illinois’ tight budget was the reason.)  When we moved here, I was impressed that our bills were paid within a few weeks.  However, we pay more to insure our family here, and fewer expenses are covered.  We did not estimate just how deeply medical bills would impact our bottom line, and right now we’re recovering financially from the nearly $5,000 we had to pay out of pocket for the first four months of medical expenses in 2015.  (These expense would have likely been much less with our Illinois insurance.)

Moving is SO expensive.  We originally hoped to only be out here for two to three years, but moving cross country is so expensive.  Now I find myself hoping we stay here five years so we don’t have to spend so much money to relocate so quickly after relocating here.  We need time to recoup our expenses.

Moving cross country has been an experience, but despite the expenses, we’re still glad we did it.

Have you made a large move?  What did you learn a year or so into relocating?  Would you do it again if you had the choice?

MelissaB
MelissaB

Melissa is a writer and virtual assistant. She earned her Master’s from Southern Illinois University, and her Bachelor’s in English from the University of Michigan. When she’s not working, you can find her homeschooling her kids, reading a good book, or cooking. She resides in New York, where she loves the natural beauty of the area.

www.momsplans.com/

Filed Under: Married Money, ShareMe, Travel Tagged With: cost of living, cross country, moving, moving expenses

The 1,700 Mile Move: 5 Lessons I Learned

July 15, 2014 By MelissaB 5 Comments

I come from a family of non-movers. For example, my mom, once she married, became listless and lost her appetite and quite a bit of weight.  The doctor diagnosed her with homesickness.  She had moved less than five miles from her family home to her home with my dad.  (Yes, this is a true story!)

We moved one other time less than a 1/2 mile away, and even that was traumatic for her.

I have ventured farther in my lifetime, going 400 miles away to graduate school, but a 1,700 mile move is something else entirely.

While long distance moving companies can help ease the process, here’s what I’ve learned so far as we prepare to move from the Midwest to the Desert Southwest:

1700 mile move
How do you estimate costs for a long distance move?

1.  We had way more “stuff” than I thought.  I knew we had a lot,
but wow, I didn’t know how much.  We’ve sold, thrown away, or donated at least half of our stuff.  Every time we think we’re almost done packing, more “stuff” seems to appear.  I wonder if we’ll ever be done!

2.  Plan for a long-distance move as early as possible.  We started selling our stuff back in early May, and so far, that stuff has brought in over $1,000.  However, even though I started selling items 8 weeks in advance of our move, it still wasn’t early enough.  We’re less than 5 days away from our move, and I am still waiting for our treadmill, file cabinet, and office desk to sell.

I was surprised to see that sometimes listing things to sell on eBay, Facebook, and Craigslist is like planting seeds.  I’ve listed some things, and there was no interest.  But then, say two or three weeks after I listed them, someone discovers the listing and buys the item.  Allowing enough time for things to sell is essential.

3.  Exercise equipment has no resale value.  Many people want to buy exercise equipment, but selling that equipment later is difficult.  Luckily, I bought our treadmill second hand for less than $100 a few years ago.  I don’t think it’s going to sell before we leave.  I think I’ll be taking it out for trash pick up.

4.  Moving 1,700 miles is expensive!  Luckily, my husband’s employer is paying for our move.  Still, even though we’ve seriously pared down our belongings, the move is going to cost over $6,000!  (We’ve paired down so much that the mover estimated two other families’ household goods could fit on the semi-truck with our small load.)

If my husband’s new employer wasn’t paying, I think the smartest financial decision would be to sell everything before we move and buy used once we’re in our new location.

5.  Determining the cost of living in a new location isn’t easy.  Since Tucson, Arizona (where we’re going) has a lower cost of living than Chicago, Illinois (where we’re leaving) and my husband received a substantial raise with his new employer, we thought we’d be in a better position financially.  That’s before we looked at the new company’s health insurance plan and saw how much worse it is than our current plan.  Most of my husband’s raise is going to cover the difference in the cost of insurance.

Have you moved a thousand or more miles away?  If so, what lessons did you learn?

MelissaB
MelissaB

Melissa is a writer and virtual assistant. She earned her Master’s from Southern Illinois University, and her Bachelor’s in English from the University of Michigan. When she’s not working, you can find her homeschooling her kids, reading a good book, or cooking. She resides in New York, where she loves the natural beauty of the area.

www.momsplans.com/

Filed Under: General Finance, ShareMe Tagged With: move, moving, moving expenses

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