Everyone knows that moving to a new city for a job is a costly scheme in terms of time and money. The list of items to budget for is extensive. Even the most budget-conscious of people may not remember to put aside for some things that could come up during a move to Denver. If you are considering a new job in a different city, here are five expenses you should consider as you put together a budget.
1) The cost of moving your stuff
If your new job is with one of the 41% of companies in the United States that does not make available some type of funds to help reimburse for the move you will be making, this is a bill you will have to take on yourself. Whether you appoint a company to move your household or you choose to do it yourself, it can be expensive. Deciding upon the former has higher upfront costs, but there will still be significant expenses with the latter option, as well.
For instance, you'll have to rent a trailer (and a hitch if you do not already have one installed on your vehicle) or moving truck to transport your things. Then, you'll have to think about travel-related expenses once you hit the road to Denver.
A do-it-yourself move may not be as expensive as hiring a professional mover to do it for you, but it will not be cheap. Budget accordingly. Discover more about the Pros and Cons of DIY Moving here.
2) The cost of traveling to a new location in Denver
Speaking of traveling…
This was mentioned briefly above, but the cost of traveling to a new location should be brought up when contemplating a move. If you plan to drive, you need to budget for food, gas, lodging, and tolls, if applicable, as well as set some money aside for vehicle repairs in case there are issues in transit.
Even if you hire someone to move you and plan to fly to your destination, there is still the cost of airline tickets. Either way, you will need to allot some expense to get to Denver.
3) The cost of temporary housing in Denver
If you do not have permanent housing lined up when you arrive in Denver, you will at least need to make arrangements for somewhere to live temporarily while you search for something longterm. It may be a hotel, or a month-to-month lease on an apartment, but it is one thing you should take into consideration. Another matter should be the cost of storing everything you do not need while you hunt.
4) The cost of living in Denver
The salary you are being offered may be ten percent higher than what you are currently being paid, but how much will that matter if the cost of living is even higher in the area you will be moving to? Compare what you'll be paying there for things like groceries, transportation, and insurance to what you are paying now to see what the difference in costs of living could cost you.
5) The cost of leaving your current community and creating a new one
No, this cost is not a budgetary one, but it is vital to think about when you are relocating for a new job. Unless you are a loner, you have a community of people where you are at this moment that probably consists of family, friends, and co-workers. Going to a new city will sever some of those relationships and make others more problematic to maintain. It can take significant amounts of time and effort to build similar bonds in a new place, so prepare yourself accordingly.
