Most people know that moving to a new city for a job can be a costly thing to do in terms of time and money. The list of things 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 in the course of a move to Dallas. If you are mulling over a new job in another city, here are five expenses you should evaluate as you put together a budget.
1) The cost of moving all of your possessions
If your new job is with one of the 41% of companies in the United States that does not offer some form of aid to help reimburse for the move you will have to make, this is a bill you will have to foot yourself. Whether you employ a company to relocate your household or you resolve to handle it yourself, it can get costly. Picking the former has higher upfront costs, but there will still be significant expenses with the latter selection, also.
For starters, 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. Next, you'll have to think about travel-related expenses once you hit the road to Dallas.
A do-it-yourself move may not be as expensive as having a professional mover to do it for you, but there will still be costs involved. Budget accordingly. Discover more about the Pros and Cons of DIY Moving here.
2) The cost of traveling to a new location in Dallas
Speaking of traveling…
This was mentioned briefly above, but the cost of traveling to a new location has to be taken into consideration when discussing a move. If you are planning on driving, you need to account for food, gas, lodging, and tolls, if applicable, as well as set some money aside for vehicle repairs in case there is a flat tire or worse while you are on the road.
Even if you hire a moving company and plan to fly to your new city, there is still the cost of air travel. Either way, you will need to allot some money to get to Dallas.
3) The cost of temporary housing in Dallas
If you do not have permanent housing lined up when you arrive in Dallas, you will at least need to make arrangements for somewhere to live temporarily while you search for something less temporary. It may be a hotel, or a month-to-month lease on an apartment, but it is something you must take into consideration. Another consideration should be the cost of storing everything you do not need while you hunt.
4) The cost of living in Dallas
The compensation package you have been presented with 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? Assess what you'll be shelling out there for things like groceries, transportation, and insurance to what you are shelling out now to see what the change 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 financial one, but it is crucial to think about when you are relocating for employment. Unless you are a loner, you have a community of people where you are currently that probably consists of family, friends, and co-workers. Relocating to a new city will sever some of those relationships and make others more strenuous to preserve. It can take considerable amounts of time and effort to build similar connections in a new place, so prepare yourself correspondingly.
