Most people know that moving to a new city for a job can be a costly proposition 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 set aside for some things that could come up throughout a move to El Paso. If you are mulling over a new job in another city, here are five expenses you should take into account 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 provide some type of aid to help compensate for the move you will have to make, this is a bill you will have to pay yourself. Whether you hire a company to move your household or you elect to handle it yourself, it can be pricey. Choosing the former may have higher upfront costs, but there will still be significant expenses with the latter selection, as well.
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 possessions. Further, you'll have to think about travel-related expenses while you are traveling to El Paso.
A do-it-yourself move may not be as expensive as hiring someone else to do it for you, but there will still be costs involved. Budget accordingly. Read more about the Pros and Cons of DIY Moving here.
2) The cost of traveling to a new location in El Paso
While we are on the subject of traveling…
This was mentioned briefly above, but the cost of traveling to a new location should be brought up when considering 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 is a flat tire or worse along the way.
Even if you hire a moving company and plan to fly to your new city, there is still the cost of airline tickets. Either way, you will need to budget some expense to get to El Paso.
3) The cost of temporary housing in El Paso
If you do not have permanent housing lined up when you arrive in El Paso, you will at least need to make arrangements for somewhere to live temporarily while you look 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 factor should be the cost of storing everything you do not need while you seek.
4) The cost of living in El Paso
The salary you have been presented with may be ten percent higher than what you are presently being paid, but how much will that matter if the cost of living is eleven or twelve percent higher in the area you will be moving to? Compare what you'll be spending there for things like groceries, transportation, and insurance to what you are shelling out now to see what the variance in costs of living could cost you.
5) The cost of leaving your caring community and creating a new one
No, this cost is not a financial one, but it is crucial to think about when you are moving away for a job. Unless you are a recluse, you have a community of people where you are right now that probably consists of family, friends, and co-workers. Going to a new city will sever some of those relationships and make others more difficult to uphold. It can take considerable amounts of time and effort to build similar bonds in a new place, so prepare yourself accordingly.
