It can be daunting to figure out what you can afford when you are thinking of moving to a new location. You might be moving by choice, or maybe work is taking you in a new direction that you did not expect it would. This can lead to a lot of stress-related to figuring out how much you can afford to spend on a new home, as well as hobbies and vehicles when you move to a new place.

The cost of living can be a complicated thing to assess. There are many variables that figure into the cost of living for an area. You might be working in the city but living in the suburbs for example. Maybe you are going to sell your car to afford to live downtown.

No matter what your goals and plans are, you need to think about the overall cost of living associated with any place that you are thinking of moving to well before the actual move.

Comparing the Costs of Living When Looking for a New Home

1. Compare the Cost of Homes

The first step you need to undertake is comparing the amount of money that you can get when you sell the home that you have now to the cost of buying a new home in the areas that you are thinking of moving to. If your local area is a great place to sell a home, you might get a lot of money back out of your house that you can apply to a new home in a new place. However, if you are moving to a very expensive city and the cost of housing in your current area is down, you might struggle to get a home in your new location.

You always need to be sure that you look into the cost of housing as well as the cost to build housing in any area that you are thinking of moving to. It is an all-too-common story for people to sell their current home and then realize that they do not have enough money from the sale to buy a new home in a new location.

comparing living costs

2. Think About Car Shipping

Will you need to have your car moved to your new location via a car transport company? This can figure into your moving costs and the fees and charges that are associated with moving to your new home. If you are moving across the country, you might have a really high bill for your car transport costs. This can add to your considerations for what kind of living arrangements you need to make.

There are limited cases where car shipping is too expensive to justify moving the car that you own to your new location. This can be especially true if you are going to be living in a place where the cost of cars is very expensive as well. Car shipping should not break the bank in most cases, but you need to make sure that you research your car shipping situation before you commit to your move.

A good car transport company will be able to provide you with a quote that offers all the right information for your needs and that will explain clearly when your car will be delivered as well as the route that it will take on the way to you. You should not have any questions about the transport process before you agree to the contract.

comparing the costs associated with living

3. Think About Inflation When Comparing Living Costs

This is one of the factors about a move to a new place that many people do not think about in advance of their move. The cost of living will be very likely to continue to go up and this is particularly true in places like cities or new areas that are growing very quickly. You need to build some cushion into your budget for an increase in all of your costs, from groceries to clothing, to fuel.

If you are barely able to afford to move to a location, you should really think hard about whether you want to move there at all. The cost of living will increase over time in most cases and you might end up in a very tough situation if you suddenly cannot afford your home or other costs of living in your new location. You can look at the projected costs for your area and calculate a steady increase of a few percent per year to see what your projections will look like in about ten years.

4. College and Other Costs

If you have young children, you might not be thinking about college at this time, but kids will only get more expensive as they get older and do sports and start to prepare for higher levels of education. If you move to an area that is not located near any schools or places that offer activities and necessary extracurricular possibilities, you might need to figure in some costs for travel for your children to get what they need in your new location.

If your cost of living is reduced significantly in your new location, you might find that you can swallow the costs of taking your kids out of state for college or sports opportunities, but this might not be realistic in some locations. Make sure that you think about the cost of future needs for your children before you move to a new location that does not serve these needs within your budget.

5. Think About Variances in Costs of Living and How Your Needs Will Evolve

What are your long-term goals for your new home? Do you have expensive hobbies or a desire to go back to school for a new degree? If you have plans that will be difficult to afford in your possible new living location, you need to build this consideration into your overall moving considerations. You cannot assume that you will be comfortable at the same level of spending for the rest of your life.

This is one of the reasons that moving to expensive cities can be a big mistake for some people. Moving away from a place where you can afford the things that you enjoy can be easy at first when you think that you will be able to continue on the trajectory that you are currently on.

However, if you find that you cannot grow your income in keeping with the cost of living or you realize that you have moved to a place that is too expensive for you to pursue your hobbies, you might end up in a place that you are not happy with.

The cost of living currently is a good place to start your budget, but you need to build in some considerations for the cost of inflation as well as the cost of your continued desire to grow and evolve into new experiences and skills.

cost of living comparisons

6. Calculate Costs of Food and Gas

Food and gas are some of the most expensive items that you can need to budget for when you are thinking of moving to a new location. You might find that gas and goods are much more expensive in the new place that you are thinking of moving to. This can be a major issue for people who move to new locations without researching this factor.

If you are not sure what the cost of basic needs is in the new location that you are planning to move to, you need to figure out how much of your income needs to be devoted to these costs when you move. Your new income will need to cover this cost and you need to be sure that you can make enough money to afford to live comfortably and buy the things that you need.

Keep in Mind That Comparing the Cost of Living Can Vary Greatly

estimating the costs of living

Assuming that you will be able to afford any location in the world is not a very practical attitude. While your unique situation might make this true, you need to think about all of the details of your daily costs and needs when comparing your cost of living in your current location with that of the new place you are thinking of moving to. Being unaware of these factors can lead to major concerns and disappointments with a move after you have gotten to your new location.

Make sure that you think about the costs of getting to a new location as well as the costs of buying a home in the city that you are thinking of moving to. Consider car transport costs and the costs associated with keeping your car when you move. There are many considerations that you need to make sure you have thought of before you move to a new city or state, or country.

Thinking about all of the details related to the cost of living in a new location well before you move can be essential to your long-term happiness in your new home.

 

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FAQs

We feel it’s important for you to know how we determined your quote. Quotes are based on what the market demands for cars to be moved at a given time. Each quote is compared with the current rates on the National Load Board before being sent to our customers and will be reviewed periodically through the process.

Other companies might offer you a lower price to obtain your business. This method is ineffective because if the car does not pay the correct amount of money, it will run the probability of not getting loaded or transported on time. You will not get this information from our competitors. Truck drivers always take the loads that pay the most first, leaving the loads that are mispriced to be moved last or not at all. We try very hard to avoid this with our customers by quoting a fair but realistic quote up front. Visit our How we determine your quote page for more information.

Understanding auto transport insurance is important and we think it’s valuable to explain how it works. As part of providing a great car transport service, it is our job to guarantee that the carrier we assign to pickup your vehicle is licensed and insured. Click here to check out our license.

When you go with Mercury to ship your vehicle, you can rest assured that the carrier assigned to move your car is fully insured and licensed with the FMCSA (Federal Motor Carrier and Saftey Administration).

Your vehicle is covered by the carrier’s insurance policy that is doing the shipping. Depending on the type and size of the truck/trailer that is shipping your car, the insurance policy can cover from $100,000 to $1,000,000 of damage.

We have also provided a checklist to explain what you need to do at both pickup and delivery in case there are any issues so, you can file a claim and know that everything will be taken care of.

It is rare but, time-to-time there may be accidental damage while in transit and it is good to know that your carrier’s insurance will protect your auto shipment in that event.

To view a sample BOL (Bill of Lading) and learn what to do in case of accidental damage, please check out our Condition Report and Procedure checklist.

When comparing auto transport companies, keep in mind that low-priced quotes often result in delays in getting your vehicle loaded. Choosing the right broker is vital to getting a reputable carrier for the lowest price possible.  

We feel it’s important for you to know how we determine your quote.

When you’re looking for a car shipping rate, you want to understand how auto transport works. Prices are based on seasonal market demands for cars to be moved at any given time. Each quote is prepared based on the season and the current national rates.

When comparing auto transport companies, keep in mind that low-priced quotes often result in delays in getting your vehicle loaded. Choosing the right broker is vital to getting a reputable carrier for the lowest price possible. Not all brokers are created equal in this talent.

Mercury does a thorough background check with each carrier for every shipment. We verify their ratings, references, and in addition, we obtain a certified copy of their insurance certificate, directly from the government agency that it is on file with.

You can have peace of mind knowing that the carrier shipping your vehicle is the very best and that there are no surprises guaranteed.

Mercury Auto Transport is licensed, Bonded and Insured. Our FMSCA Motor Carrier Number is MC647319.

While we do our best match your auto shipping needs with the most responsible carriers with the best track records, from time-to-time there may be accidental damage while in transit, it is good to know that the insurance of the carrier we locate for you will protect your auto shipment in that event.

Shipping a vehicle can be stressful if you don’t know what to do.  This is why we believe it is paramount to have our highly trained agents be your main point of contact from start to finish.

They will go over everything you need to know so you can relax.  In the meanwhile, we prepared this checklist.  This includes everything from pickup to delivery and how to make sure your car is ready for pickup.

When it comes to car moving, we want you to be ahead of the game!  For any questions and further assistance our agents are standing by, (800) 553-1828.  Please read our checklist to prepare your vehicle to learn more.

There are several ways you can ship a car.  The options include enclosed trailer, open carrier transport, flatbed truck, door-to-door shipping services, and to or from a terminal as well.  The most popular of the options is a 7 to 10 car open carrier.  These large trucks can accommodate almost any size vehicle including carsSUVstrucksjeeps, and vans.

Open car transport, door to door is also the best way to get the cheapest auto transport rate possible.  To learn more and see what transport method is best for you, please fill out our free quote form and one of our representatives will respond to you within minutes.  You can also call us at (800) 553-1828.

We present offers from FMCSA Licensed and Insured Carriers. When you accept an offer, we send your service agreement that guarantees the price, door-to-door service, and 100% bumper-to-bumper insurance. There are never any hidden fees or charges, guaranteed.