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☆ New Yorkers who make six figures won't save as much moving to Texas and Florida anymore
▼ + stars: | 2024-03-25 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

New Yorkers have historically moved to Florida and Texas to save money on taxes and other expenses. AdvertisementIn December, Rahul Sen Sharma told Business Insider that he was moving from New York to Miami — and bringing his company with him. New Yorkers moving to Texas for many of the same reasons will also face sticker shock. The savings gained by moving to Florida and Texas are dwindlingUtilities, gas, and housing are just a few expenses that have gotten pricier in Florida and Texas since 2019. "The property-tax percentage rate is higher," Marie Bailey, a Texas real-estate agent who moved from California, told Business Insider's Alcynna Lloyd.

Persons: —, Rahul Sen Sharma, Sen Sharma, BI's Phil Rosen, Jeff Bezos, Ken Griffin, SmartAsset, Dallas, Alexander Spatari, Realtor.com, Jaclyn DeJohn, SmartAsset's, Wager, Robert Walsh, Marie Bailey, Insider's Alcynna Lloyd Organizations: Service, Miami —, Bloomberg ., New, Miami, relocators, Miami . Miami Beach, Bloomberg, Business, Sunshine State, CBS, Fort Locations: Florida, Texas, New York, Miami, NYC, Austin, Florida and Texas, Dallas, Miami ., Manhattan, Fort Lauderdale , Florida, Fort Lauderdale, California

☆ The great wealth 'realignment': Affluent people keep moving from NY and SF to cheaper, warmer places
▼ + stars: | 2024-01-07 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +6 min

Wealthy people are moving to states including Florida, Texas, North Carolina, and Tennessee. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Florida, Texas, and North Carolina are popular destinations for more than just the wealthy. The reshuffling of wealth is making historically cheaper states more expensiveIn Miami, in particular, this reshuffling of wealth has ushered in an era of unaffordability. "Miami and most of Southeast Florida have rebranded into more luxury markets," housing expert Jonathan Miller told BI in September.

Persons: They've, —, SmartAsset, Ken Griffin, Jeff Bezos, Alexander Tamargo, Indxx, AllianceBernstein, Charlotte, Goldman Sachs, Griffin, plunked, Jeffrey Greenberg, Jared Kushner, Ivanka Trump, Carl Icahn, Elon Musk, he's, Jonathan Miller, Bezos, Kushner, Trump, Dina Goldentayer, Dina Goldentayer Dina Goldentayer, Zillow Organizations: Service, Bloomberg, Austin, Citadel, Amazon, Allspring Global Investments, Oracle, Tesla, Dallas ., Company, Universal, Getty, Miami Locations: Florida , Texas, North Carolina, Tennessee, Miami, Florida, New York, California, Florida , Tennessee, New Jersey , Massachusetts, Dallas, Nashville, Charlotte, New York City, Texas, Miami Beach, Chicago, San Francisco, Austin, Coconut Grove, Southeast Florida

☆ People are fleeing California. Here's where they're plotting to move to.
▼ + stars: | 2023-12-04 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +3 min

San Francisco, Los Angeles, and San Diego residents are looking to move to Las Vegas and Seattle, Redfin found. Some parts of California are losing residents due to the high cost of living, politics, and crime. Bob Giramma, a 63-year-old business owner, moved away from San Diego and landed in Murfreesboro, Tennessee , a town 30 miles southeast of Nashville. Now residents of some of the most populous cities in California — Los Angeles, San Diego, and San Francisco — are eyeing other cities, according to home-listings site Redfin, which tracks where its users are house-hunting. Allan BaxterPeople looking to move out of San Francisco, Los Angeles, and San Diego, Redfin additionally found, are most often searching for homes in Las Vegas and Seattle.

Persons: Redfin, —, Bob Giramma, Giramma, Francisco —, Allan Baxter, relocators, Andrew Arevalo, he's, Arevalo Organizations: Service, Census Bureau, Business, California —, Las, Los, Denver Locations: California, San Francisco , Los Angeles, San Diego, Las Vegas, Seattle, Murfreesboro , Tennessee, Nashville, Tennessee, Texas, Arizona, Florida, Oregon, Colorado, California — Los Angeles, Francisco , Los Angeles, —, Vegas , Nevada, San, Los Angeles, Washington, Nevada, Millennials, Las, Vegas

☆ Dreaming of a fresh start? These towns and cities will pay you as much as $15,000 to move there.
▼ + stars: | 2023-11-27 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +2 min

Places across the US offer cash, homes, and other perks to lure remote workers and other relocators. Insider rounded up the states, cities, and towns that will reward you to move there in some way. Lillian Griffith, a 25-year-old data engineer, moved from Alpharetta, Georgia, to Tulsa, Oklahoma, in August 2022 to take advantage of the Tulsa Remote program, which granted her $10,000 simply for relocating to the Oklahoma city. "The Tulsa Remote program is not some elitist program that only accepts people who work in high-paying positions," Griffith previously told Business Insider. While some cities are doling out cash for remote workers, hoping their presence will boost the local economy, others are looking to attract new talent.

Persons: —, Lillian Griffith, Griffith, Cincinnati —, relocators, Jordan Pandy Organizations: Service, Tulsa, nab Locations: Alpharetta , Georgia, Tulsa , Oklahoma, Oklahoma, Tulsa, , Ohio, Cincinnati, Lincoln , Kansas, Wichita, jpandy@businessinsider.com

☆ Middle-class movers are heading to these three cities in search of affordability
▼ + stars: | 2023-11-13 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

Middle-class movers are choosing Las Vegas, Phoenix, and San Antonio as top destinations. It was the second-most popular destination for middle-class movers coming from out of state, the report said. While cities like Austin saw a surge in home prices, San Antonio has been able to maintain some of its affordability. AdvertisementAdvertisement"If you were to ask me, I'd still tell you San Antonio's more affordable than most cities in Texas," San Antonio real-estate agent Ricardo "Rico" Riojas, Jr. told Insider. San Antonio, Texas.

Persons: —, Andrew Arevalo, Getty Images Arevalo, Redfin, Arevalo, there's, he's, We've, Stephanie K, Dow, I'd, Ricardo, Rico, Riojas, Jr, Allan Baxter, San Antonio — Organizations: Service, Denver, Pew Research, Getty Images, MLS, Las Vegas, San Antonio, Getty, Austin Locations: Vegas, Phoenix, San Antonio, The Nevada, Arizona , Nevada , Florida, Texas, Sin, Colorado, Nevada and Colorado, Clark County, Las Vegas, Denver, California, Arizona, Phoenix , Arizona, San, . Texas, Austin, Antonio, Antonio , Texas

☆ The allure of Tennessee: Why Floridians are trading their sandy beaches for a quieter life
▼ + stars: | 2023-10-31 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +6 min

Floridians, Texans, and Californians in particular are relocating there for a slower pace of life. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementLindsey Moore, a mom of three and a dental technician who posts about her life on TikTok @lindseyswagmom , recently extolled the virtues of her new home state: Tennessee. She said many Floridians are packing up for places like Knoxville, Tennessee; Greenville, South Carolina; and Huntsville, Alabama, which she collectively calls "the Villes." "People are moving to simpler places because the places that they're leaving are becoming very, very complicated."

Persons: —, Lindsey Moore, TikTok @lindseyswagmom, Moore, didn't, Texas —, Rachael Wedekind, Jamie Foreman, Holly Meyer Lucas, Meyer Lucas, they're, Michael Tyler Organizations: Texans, Service, Volunteer, Memphis, . Software, Oracle, Facebook, Sunshine, Golden State, Knoxville Locations: Tennessee, Floridians, Knoxville, Nashville, Memphis, Florida, California, Texas, New York, Pennsylvania, Smoky, Relocators, Miami, Orlando, Tampa, Knoxville , Tennessee, Greenville , South Carolina, Huntsville , Alabama, Sacramento, Jonesborough

☆ I made $136,000 on Airbnb last year renting out homes I don't own. Here's what I tell others who want to try it too.
▼ + stars: | 2023-08-23 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementHow to find Airbnb properties to manageWhen you think of Airbnb, you might think of someone who rents out their own home. AdvertisementAdvertisementFrom there I scaled up to five properties and I thought I had made it: With my five rental properties, I made $136,000 in 2022. Sometimes people have really good units, but because they are on the fourth page of Airbnb their homes aren't easily found. The process of renting out other peoples' homes is not easy, but with the right mindset, you can do it. If you have an Airbnb and would like to share your story, good or bad, email Alyshia Hull at ahull@insider.com.

Persons: Monica Lee White, That's, Monica White I'm, I'm, I've, Monica White, Alyshia Organizations: Service, Alyshia Hull, ahull Locations: Wall, Silicon, Atlanta

☆ Americans are moving to Japan for its safety and affordability
▼ + stars: | 2023-07-20 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

"My children had to do active shooter drills," Hanson told Insider. Hanson and her family are a few of the 6,642 Americans who moved to Japan in 2022, according to the country's Ministry of Justice. "I was very concerned about gun violence, which is almost non-existent in Japan," Evans told Insider. Along with the safety of Japan, Evans was also pleasantly surprised by the affordability. Bethany NakamuraNakamura, 35, started the process of moving to Japan from her studio in Jersey City, New Jersey, in 2020.

Persons: Veronica Hanson, Hanson, let's, " Hanson, expats, Hanson —, —, didn't, flack, Veronica Hanson Hanson, Alex Evans, Evans, Anne Sutherland, Smith, wanderlust, Sutherland, Smith Sutherland, Austin . Sutherland, Bitsii, Nakamura, Bethany, Bethany Nakamura Nakamura Organizations: Service, country's Ministry of Justice Locations: Japan, Wall, Silicon, Lake Oswego , Oregon, American, Mexico, Canada, An Oregon, Dominican Republic, Nara, Oregon, Tokyo, Mukaishima, Hiroshima, Australia, Austin , Texas, Kyoto, Asakusa, Austin ., America Bethany, Jersey City , New Jersey, Shikoku, Osaka

☆ People are moving to North Carolina for its natural beauty and country vibes, but finding it doesn't offer a lower cost of living or diversity
▼ + stars: | 2023-04-01 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +9 min

She and her family considered places like Tennessee and Florida , but ultimately chose North Carolina because of its hands-off government and lush scenery. Five recent movers highlight what stands out about North Carolina, from its natural scenery to its lack of diversity. One thing she's had to get used to in North Carolina is the lack of diversity in food. An Ohio man liked North Carolina so much he moved there twiceJohn Yuschak first dipped a toe in North Carolina in 2012 after moving from Columbus, Ohio. They were pleased with the four seasons North Carolina has to offer, but anticipated higher savings.

☆ South Carolina state senator proposes a bill that would require new residents to pay $500 to move there
▼ + stars: | 2023-02-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

A South Carolina state senator proposed a bill that would ask relocators to pay $500 to move there. New residents would pay $250 to register their vehicle and $250 for a new driver's license. Most states, including South Carolina, require newcomers from different states to get a new license upon arrival. It costs $25 to get a driver's license in South Carolina, which typically lasts for eight years. The bill doesn't aim to deter migration to South Carolina, Goldfinch told the committee.

☆ People who moved to Tennessee for cheaper homes and a laid-back life say they're happy — for the most part
▼ + stars: | 2023-02-26 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +10 min

The 50-year Florida resident decided to pack up and move to Memphis, Tennessee, for a more manageable mortgage payment while on a fixed income. Foster said clients have recently moved to Tennessee from New York, New Jersey, and California. He traded snowy Buffalo for the ease of southern livingMichael and Danielle Ekstrum moved to Tennessee after becoming empty nesters in 2018. A retiree fed up with California's overcrowding bought a home in Tennessee without thinking twiceMichael and Bonnie Tyler moved from Sacramento, California, to Jonesborough, a historic town in eastern Tennessee. "There's too much traffic, too many people, it's way too expensive, and there's no water," Tyler told Insider.

☆ A 27-year-old real-estate investor who rehabbed 7 Austin properties last year is now targeting San Antonio, where homes can cost less than $100,000. Here are 3 reasons it's the next big investor hot s
▼ + stars: | 2023-02-18 | by ( Aj Latrace | ) www.businessinsider.com time to read: +5 min

San Antonio. You can buy homes for relatively cheap"A lot of people have overlooked San Antonio," Crenshaw said. January data from Redfin pegs the median home price in San Antonio at $255,000, which is less than half of Austin's $530,000. San Antonio — the fastest-growing large city in the nation between 2020 and 2021, gaining nearly 14,000 people, per census data — remains attractive to newcomers. Relocators get affordability in San Antonio, Crenshaw said, without sacrificing exciting nightlife and other big-city attractions such as museums and professional sports teams like the NBA's Spurs.

☆ 5 reasons so many people are moving to Tennessee, according to a 25-year-old broker who's helped Californians and New Yorkers relocate there
▼ + stars: | 2023-02-14 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Taxes are lowerPeople leaving states like California or New York often cite high income and property taxes as key motivations for their departure. (It's not all cheap: some new Floridians have been surprised by rising property taxes.) Like Florida, Tennessee has no income tax, as well as a property tax rate well below the national average. According to financial information and advice company SmartAsset, Tennessee's median annual property tax paid is $1,317, which is about half the national average. "One of the reasons why they're considering Tennessee is because of the affordability in terms of taxes," Foster said.

☆ Dreaming of a fresh start? These 25 towns and cities will pay you as much as $20,000 to move there.
▼ + stars: | 2022-12-28 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +2 min

Places across the US offer cash, homes, and other perks to lure remote workers and other relocators. Insider rounded up 25 states, cities, and towns that will reward you to move there in some way. "When I look back, that grant was the tipping point that made it a little easier for me, my husband, and our five children to choose this particular path," Milliman told Insider in September. "We're definitely on the right path," Quincy mayor Mike Troup told Insider. Insider rounded up 25 places across the US that are dishing out perks to anyone who moves there.

☆ A small city in Illinois is luring newcomers with $5,000, quaint architecture, and a low cost of living. So far, it's working.
▼ + stars: | 2022-09-28 | by ( Robert Davis | ) www.businessinsider.com time to read: +8 min

Since the program began, more than 106 people have moved to Quincy, according to city data. Altogether, nearly 60% of these newcomers found jobs in industries that drive Quincy's economy, such as manufacturing, healthcare, and education. Many programs launched in cities like Quincy, which offer newcomers a lower cost of living compared to major metropolises. The couple were approved for the relocation program "very quickly," Seguette said. The Great River Economic Development Foundation, a nonprofit business organization that serves all of Illinois' Adams County— which includes Quincy — is also advertising the relocation program under its "Quincy's Calling" campaign.

☆ Everyone talks about all the people moving to Florida. But high prices, hot weather, and shattered expectations are pushing residents out, too.
▼ + stars: | 2022-07-13 | by ( Jordan Pandy | Madison Hoff | ) www.businessinsider.com time to read: +7 min

Florida was the top 2021 destination for movers, with 221,000 more US residents moving in than out. The leavers say the high cost of living, including skyrocketing insurance prices, is a big factor. Take car insurance: Lovelace, a private investigator who uses her car regularly for work, paid $430 a month. The state's chief financial officer, Jimmy Patronis, said in May 2021 that 900 people a day were moving to Florida. A study by Joblist that compared wages to cost of living ranked Florida last out of all 50 states in affordability.

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