Before you leave your current home to start a new life across state lines, you should do your homework. If the move is voluntary because you want a fresh start or need to indulge your adventurous bone, you have many options.
Gleaning from moving companies like Colonial Van Lines, you need to approach the process with a great deal of care. Not all states are equal, and you need to be sure that you pick one that suits your needs. Addressing some of the money issues points you in the right direction.
The Tax Regime
Nothing is certain in life except death and taxes. You need to be sure that the tax regime in your prospective home doesn’t border on draconian. If you’re keen on lowering your income taxes, you can consider a tax-free state such as Wyoming or South Dakota or one with a flat rate such as Michigan.
However, you need to consider state property as well, which varies between states. Only by in-depth research can you identify the states that won’t tax you to death.
The Cost of Living
If you’re in the market for a better life, you certainly need to consider the cost of living in your new home. Preferably, you should pick a state with high-paying jobs and a low cost of living. A high income coupled with lowered expenses results in an enjoyable life.
Consider rent prices, the cost of education, as well as job opportunities. Unless you have highly sought-after skills, you’ll have a hard time getting employment in a state with high unemployment rates. Picking a country that meets your specific needs improve the quality of your life.
Before making that epic cross-country move, you need to be sure that you’re making the right decision. Be sure that the new state offers conditions that are conducive for you to thrive.