Most everyone knows 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 long. Even the most budget-conscious of people may not remember to set aside for some things that could come up in the course of a move to Little Rock. If you are mulling over a new job in a different city, here are five expenses you should take into account as you plan 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 type of aid to help reimburse for the move you will be making, this is a bill you will have to take on yourself. Whether you hire a company to relocate your household or you choose to do it yourself, it can be expensive. Choosing the former has higher upfront costs, but there will still be significant expenses with the latter option, 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 belongings. Then, you'll have to budget for travel-related expenses once you hit the road to Little Rock.
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. Plan accordingly. Discover more about the Pros and Cons of DIY Moving here.
2) The cost of traveling to a new location in Little Rock
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 pondering a move. If you plan to drive, you need to plan for food, gas, lodging, and tolls, if applicable, as well as set some money aside for vehicle repairs in case there is a breakdown in transit.
Even if you hire someone to move you and plan to fly to your new city, there is still the cost of airline tickets. Either way, you will need to spend some expense to get to Little Rock.
3) The cost of temporary housing in Little Rock
If you do not have a permanent place to stay lined up when you arrive in Little Rock, you will at least need to make arrangements for somewhere to live temporarily while you hunt for something longterm. It may be a hotel, or a month-to-month lease on an apartment, but it is something you should take into consideration. Another factor should be the cost of storing everything you do not need while you look.
4) The cost of living in Little Rock
The salary you have been presented with may be ten percent higher than what you are now being paid, but how much will that matter if the cost of living is eleven or twelve percent higher in the town you will be relocating to? Evaluate what you'll be spending there for things like groceries, transportation, and insurance to what you are paying currently 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 budgetary one, but it is vital to think about when you are moving away for a new job. Unless you are a hermit, you have a community of people where you are at this moment 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 uphold. It can take considerable amounts of time and effort to build similar bonds in a new place, so prepare yourself accordingly.
