Learn about how to get paid to move and 9 cities that pay you to do so. I'll explain how each program works, how much you can make, and where to apply
Are you a full-time remote worker who’s struggling with the ever-rising cost of living?
You’re not alone in this.
The largest cities in the United States have seen crazy surges in rent, food, and gas prices. Without a similar increase in income, life can get pretty rough.
Luckily, you can work around that by moving away from city centers where prices aren’t as crazy.
And an interstate move can help you get better services for the same prices thanks to different tax rates.
Better yet, you can get paid to move to a state that’s offering an incentive program to attract new residents. Here’s everything you need to know about it!
Yes, you can! The past few years witnessed a change in attitude when it comes to working from home because of the pandemic.
All of a sudden, people realized you could accomplish just as much for a company even if you’re not physically there.
Companies developed a less rigorous approach to hiring talent from different states.
As a result, more remote workers consider moving somewhere with a more affordable cost of living compared to major cities. That way, they can stretch their budgets and improve their savings.
This isn’t lost on local governments that see this as a chance to attract new residents, who pay income taxes and liven up the local economy.
Financial incentives like student loan debt forgiveness and generous cash incentives can help bring in more residents, so they do just that!
The answer to this question goes beyond the cash amount a city or state doles out to get more people to move there.
Some cities, like Topeka, Kansas, can give you up to $15,000 in cash, but the real value lies in the additional incentives you can get.
Savings on rent, food, and lower taxes can make your move even more financially rewarding than you think.
For example, Alaska and Florida have no income taxes, while California has a whopping 13.3% maximum tax rate.
Sales taxes and median home prices also affect how far your money can go in different states.
Therefore, even if the immediate reward isn’t that enticing, think of how much you can save up by moving to a new city, whether it’s on this article or off it.
We’ve included an overview of our top picks above. For a full list and detailed information on each pick, scroll down.
Each city or state has a list of prerequisites that determine whether you’re eligible for a cash grant to move there or not.
Some states offer relocation programs for remote workers, while others have housing initiatives for would-be homeowners and people looking to build a new house or flip an old one.
Here are the most common eligibility requirements for cash grants:
Here are nine options to consider when you’re planning your next move:
The Shoals area in Northwest Alabama consists of the cities of Muscle Shoals, Florence, Tuscumbia, and Sheffield.
A few years ago, an incentive program called Remote Shoals was launched to encourage workers with full-time remote positions to move to the area and make the most of it.
Living in the Shoals, you’re bound to find something you like, even discounting the lucrative incentives the cities put out.
From affordable housing and a lower cost of living to a bustling cultural experience, it’s a haven for remote workers looking for a change in scenery.
Offering one of the most lucrative incentive packages out there, Topeka, Kansas is giving on-site workers a chance to receive up to $15,000 in funding for relocating there under the Choose Topeka incentive.
Unlike other incentives on this list that involve remote work, Shawnee County is looking to encourage job opportunities in the local area.
This also aims to rejuvenate the real estate market by including additional perks for prospective homeowners up to $5,000 compared to their renting counterparts.
This should cover the relocation expenses retroactively, which isn’t too bad in this economy!
Keeping up with the incentives that encourage homeowners to invest in local properties, the city of Baltimore, Maryland has launched two initiatives for that purpose.
The first one is called Buying into Baltimore, which puts out $5,000 and a 5-year forgivable loan geared toward a down payment and closing cost assistance.
The initiative is a lottery-type event with 20 potential beneficiaries from the pool of eligible candidates.
The second incentivizes rehabilitating old buildings (that were subject to a vacant building notice for at least one year) and repurposing them as homes.
The Vacant to Value initiative offers up to $10,000 in funding, if eligible, as well as a 5-year forgivable loan.
If you think you’re dreaming that you can get paid to live in New York, you’re not! In fact, the Greater ROC Remote initiative offers one of the most generous cash incentives on this list.
If you’re accepted, you can receive $10,000 directly in relocation compensation, as well as an additional $9,000 in home-buyer incentives.
That’s not too shabby, considering the Greater Rochester area is the 5th best city for remote workers, in the top 20 for the best quality of life, the #1 metropolitan area for future growth, and the 2nd best wine region in the US.
For remote workers looking for a city that understands their needs and is willing to cater to them, Tulsa, Oklahoma is the place to go.
Tulsa Remote is a fuss-free initiative that incentivizes remote workers with $10,000 in cash divided into monthly installments.
The city also throws in a year-long subscription to a co-working space, so you’d get the chance to network with other professionals working remotely.
The great thing about this initiative is that it has no housing or real estate requirements; you just have to focus on your work and figure things out as you go!
If you’re a fan of John Denver, then West Virginia’s country roads are an enticing adventure to take on.
The state has an initiative called Ascend West Virginia that offers a $12,000 cash incentive as well as free outdoor recreation for remote workers willing to move there.
The Ascend WV initiative encourages applicants to move to the Morgantown Area, Greenbrier Valley, Eastern Panhandle, and Greater Elkins.
Each has its own charm, whether you want natural beauty or a bustling city.
The state of Vermont started its relocation incentives after Vermont Legislature allocated $3.09 million to the cause.
The initiative works by reimbursing relocation costs up to $7,500 for both on-site and remote workers in the state.
Both on-site and remote worker grants are more or less the same.
However, there’s a requirement for the employers of on-site applicants to attest to the agency responsible for the grant that they were unable to fill the position from among Vermont applicants.
Alaska’s Permanent Fund Dividend is one of the oldest relocation incentives in the country, starting in 1980.
It’s also one of the simplest, as it pays residents for each year they live in the state. In 2022, the dividend check was for $3,284, a record high.
Moving when you’re a remote worker can be a lucrative way to get some cash to help you settle somewhere new, but it’s not the only reason to pick a new home.
Here are the financial reasons why you should consider moving to a new state:
Moving to a new place has the potential to open up countless opportunities for your career, or it can be an unsound decision that makes you miserable.
Here are a few problems you might face if you decide to take this step:
Now that you know where and why, here’s how to move to a new city or state and come out financially unscathed by it:
Learn everything you can about the new place and relocation initiative you’re considering. Search online forums and join local groups to get a feel for what’s coming.
To get all your documents and legal matters in order, consult with both your accountant and lawyer. That way, you’ll know what your rights are and avoid getting into legal trouble with how you spend the cash.
If you find something in the tax, social, or labor laws you don’t agree with or can’t abide by, choose another state that’s a better fit for your lifestyle and work.
To make the most of the financial grant you’re receiving, try to keep every element of the move under a reasonable budget. This way, you can track your spending and come out on the winning side.
Here are a few things to take into consideration if you decide to move for the cash incentives:
Relocation initiatives are designed to attract tax-paying citizens to an area with a dwindling population. If you have no money, likely, you wouldn’t qualify for one, especially if you’re unemployed.
Some countries have initiatives where they pay you to move there and rehabilitate old buildings; these include Italy and Greece. Others have entrepreneurial initiatives, like Chile.
Here are other ways you can get paid doing something you like!
Finding a place you want to move to can be a challenge.
Thankfully, some cities and states want to make the decision easier for you by offering you cash.
Of course, there’s no such thing as a free lunch, and you’ll be expected to work for the perks.
However, if you’re a hard-working individual who wants to make it, this should be a great incentive for you to go for the grind big time!
Even if you don’t like it in your new home, you can move on to somewhere else after the legally-binding stay period is over.
So what do you think?
Is moving for money a good idea?
Comment below to let us know your opinion and share this if you found it helpful!