Before you say something like ‘I wouldn’t move there if they paid me’ consider this; some US cities are literally offering to pay you. If you have ever thought about making a move to a more affordable city to make a new start, now might be the time.
Living in a large city like Los Angeles certainly has its perks and opportunities, but it also comes at a high cost. LA, as an example, has a cost of living 48% above the US average, and the median home value is just at half a million dollars. Combine that with jammed freeways that drives transportation costs 25% above the national average it’s smart to consider alternatives -especially when the alternatives are paying you money to move there. Here are six:
1. Grant County, Indiana
Through Grant for Grads, a housing assistance program created by the Grant County Economic Growth Council, you can receive up to $5,000 for the down payment (and closing costs) on a home purchase. If home ownership isn’t your thing, Grant County is offering a 20% reduction on monthly rent payments. The program is designed to attract graduates with an associate’s degree or higher who are choosing to work and live in Grant County.
2. Baltimore, Maryland
Further east in Baltimore, home of John Hopkins Hospital, is the Buying Into Baltimore program which offers home-buyers a $5,000 forgivable five-year loan. In an effort to help gentrify older areas of town, there is also the Vacants to Value program offering up to $10,000 towards a down payment for buying an abandoned home.
3. North Platte, Nebraska
Head northeast of Denver International Airport on a three and half hour drive and you will find North Platte, Nebraska. This low populated area with open spaces is seeking those skilled in areas from factory work to health care. Their website states “The WORKNP.com program offers local employers up to $5,000 per open position (in the form of matching funds) for the purpose of creating a robust, attractive worker incentive package to help fill a job.” If you take a position with say a $4,000 sign on bonus, the program will match it.
4. Tulsa, Oklahoma
Tulsa has an attractive offer of up to $10,000 cash, work space at a trendy shared office in downtown Tulsa where you can work alongside entrepreneurs, remote workers and digital nomads, and a three month housing stipend for those who qualify. To be considered for the Tulsa Remote program, applicants must meet four eligibility requirements: You can move to Tulsa within 6 months. You have full time remote employment, or are self-employed outside of Tulsa county. You are 18+ years old and eligible to work in the United States. tulsaremote.com lays the program out in an easy to read format.
5. Marquette, Kansas
If you’re looking to escape the rat race and build your own home, this small Kansas town has an offer you just don’t see these days: free land. Marquette is offering free lots and will waive all utility hook-up and building permit fees. All utilities, including natural gas, will be on the property. The website states Marquette offers “a lifestyle where neighbors know neighbors and parents feel comfortable letting kids play outside, take a bike ride and walk to school.” To qualify for this program, you must agree to begin construction on the home within 120 days and finish building the home within one year.
8. New Haven, Connecticut
New Haven, the fastest growing city in Connecticut, is offering up to $80,000 in incentives for first time home buyers. Receive $10,000 in interest-free loans for down payments or closing costs and $30,000 in energy-saving upgrades for the home. If you have school age children the offer is even more attractive. The city is guaranteeing free tuition to any in-state college for students who graduate from New Haven public schools in good academic and behavioral standing.
November 19, 2018