RELOCATION

Financial Considerations

• Cost of living: Be sure to conduct adequate research to determine how the cost of living index for your new destination can positively or negatively impact your standard of living. Housing prices, groceries, utilities, transportation and health are the major categories that vary greatly from state-to-state.

• Moving costs: Will your new employer cover your moving costs? If not should you do-it-yourself or hire a moving company? Be sure you know who is paying for what and how it is all happening.

• Compensation changes: A $100,000 annual salary in Mississippi is drastically different than the same salary in Hawaii. Find out where your current state falls within the cost of living index, then adjust up or down based on your new destination to capture an accurate picture of your true compensation value in market.

Need help with relocating to the area?

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