As Covid-19 pandemic started, a lot of city dwellers got trapped inside tiny houses all over the world. Even after easing lock-downs, there are a growing number of companies that say they are going to let their staff work remotely permanent. Considering all these, now might be the best time for people to relocate from expensive and crowded cities to much cheaper and peaceful towns.
If you’re amongst many thinking of greater space and reduced living costs, there are a lot of cities (as well as states and countries) which would love to have you there. And they don’t just roll out the welcome mat and send a plate of cookies over to the neighbors. They offer actual cash and other benefits for those interested in moving. Stay tuned to find out about all of these 7 cities and the benefits they offer:
Tulsa’s average house price is just $175,000 compared to anything in San Francisco north of $1.5 million, but the city intends to make it much more affordable to move around. It’s Tulsa Remote initiative, which started in 2018 and is open to applicants, provides a $10,000 incentive and a $1,000 accommodation living allowance for self-employed or remote employees seeking to relocate over the next 6 months. Conditions of eligibility and implementation are in here.
Newton City, Iowa
What Newton does not have in name recognition makes up for in the case of incentives they offer. The Midwestern city gives residents a $2,500 and $10,000 cash “welcome kit” for purchasing any new house worth $160,000 or more.
This small Kansas City is offering a free lot to all those looking to relocate and find a new home in a modern take on the old concept of homesteading. Here are the full info.
The Shoals Area, Alabama
If you’re self-employed or working remote full time, making over than $52,000 a year, and favor southern sun to prairie life, then you should look at the northwestern Alabama Shoals area. The area provides $10,000 in bid to relocate there. Applications are still available here.
Wherever in Alaska
Don’t you mind wild snowy winters? Then the whole Alaska could be an option. As CNBC points out, “Alaska provides plenty of grants and tax subsidies to attract more people to lay roots in there. Maybe most pleasingly, permanent residents can make the cut for the Permanent Fund Dividend, that cuts a check every year for every member of the population. In 2018, permanent residents each received $1,600.”
The Balkan country of Estonia could be considered by adventurous people prepared to look even farther afield (and still not afraid of long, cold winters). Forbes claims that the EU member state offers “digital nomad visas” which enable self-employed and remote workers to stay and work in the country for up to a year. While there is no direct cash transfer, the enjoyable fact is that living costs are 30 per cent lower than in the United States However, you might have to wait until the US gets Covid-19 under control to be permitted into Europe.
This is a particular one for entrepreneurs. Startup Chile aims to attract business owners to the South American country by providing up to $80,000 worth of equity-free investment in a startup idea, as well as mentoring and a visa to live and work in the country. Click here for information.
While a little additional money is likely not enough on its own to persuade you to make a cross-country move, if you’re fantasizing about chickens in the back garden, these programmes should be enough to get you with the movers on the phone. But do your research and be aware that there are only a small amount of incentives.
As the Hustles newsletter points, “despite its popularity, these remote-working programmes remain small … At their current size, these initiatives will not solve the population problems of the regions offering them — or make large-city expats rich. But taking into consideration how much moving companies are doing right now, a few extra Gs are nothing to sneeze into.”
What do you think about these 7 cities? Do you also want to relocate to any of them?