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European cities have some of the most expensive rents in the world, a new study found. We list the cost of living in 13 cities from Helsinki to Berlin — and what locals say about living there. AdvertisementIt's true: Large European cities are expensive. Copenhagen — along with London, Paris, Dublin, and more — ranked high on a new list of European cities with priciest rents, according to vacation-rental site Deluxe Homes . Still, several Americans who recently moved to Europe's highest-rent cities have told BI they feel their journeys have been worth it.
Persons: , Ellie Owens, they've, Owens, Read Organizations: Berlin —, Service, Business Locations: Europe, Helsinki, Berlin, Connecticut, Copenhagen, Denmark's, London, Paris, Dublin, Oslo, Vienna
Diem Nguyen recently bought a home near San Francisco without using a real-estate broker. AdvertisementIn October, Diem Nguyen bought a home in the San Francisco Bay Area for $1.6 million — without a realtor. About 88% of homebuyers this year used a real-estate agent, Zillow found . Have you bought a home without a real-estate agent? (Aalto does have a team of real-estate agents working behind the scenes, but they are salaried rather than paid by commission.
Persons: Diem Nguyen, , Aalto, Buyers, Nguyen, Zillow, Sellers, Jordan Pandy, Ilyce Glink, Samuel J, Tamkin Organizations: Service, San Francisco Bay Area, country's, Buyers, Rocket Mortgage, Washington Post, Sarasota Herald, Tribune Locations: San Francisco, San Francisco Bay, California, Washington, Zillow, Sarasota
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
One in four millennials moved to a different city in 2022, many for work or cost of living concerns. Nearly 17,300 millennials relocated to Cambridge in 2022, bringing the total percentage of millennials to 38% of the total population. Seattle and Sunnyvale, California, also saw comparable moves, as millennials who moved in 2022 made up about 12.5% of the total population for both cities. When looking at the top cities by percentage of total millennials compared to the total population, Jersey City, New Jersey, ranked first at 41.5%, followed by Seattle, Denver, and Austin. However, Port St. Lucie in Florida had the lowest rate of millennials moving in compared to the total population at 4.8%, followed by Brockton, Massachusetts.
Persons: , Jaclyn DeJohn, millennials, Millennials, DeJohn, SmartAsset, Gen Xers Organizations: Cambridge, Service, Survey, Business, Harvard University, Massachusetts Institute of Technology, Intel, Nvidia, Lone Star State, Waco, Fort Hood, Fontana Locations: Santa Clara , CA, Seattle, Cambridge , Massachusetts, Santa Clara , California, Boston, Cambridge, Santa Clara, Silicon Valley, Santa Clara's, Georgia, Sandy Springs, Sunnyvale , California, Denver, Bellevue , Washington, Arlington , Virginia, millennials . Arlington, Hialeah , Florida, Arlington, Killeen , Texas, Austin, Jersey City , New Jersey, Port St, Lucie, Florida, Brockton , Massachusetts, Cities, California, Santa Ana, Moreno, Surprise , Arizona, Bend , Oregon, Scottsdale , Arizona, Orlando . Florida
Alan Breslauer launched Custom Catios in 2017 after building his first cat enclosure in the early 2000s. Alan Breslauer, owner of Southern California-based Custom Catios , is one of them. AdvertisementOne of Breslauer's custom catios. "When we put everything in there, like climbing poles, hiding boxes, cat ladders, cat steps, spiral staircases, floating steps, loft ladders, we call that 'Cat Disneyland,'" he said. A custom catio in Long Beach, California.
Persons: Alan Breslauer, Breslauer, he's, , — they're, Santos, Herbie, Trey —, catios, homebuilders Organizations: Service, West Coast, Business Locations: Southern California, Los Angeles, West, Instagram, Lakewood , California, Vegas, Long Beach , California, LA
Jean Lowell, 75, needed a more accessible house and her daughter needed an affordable one. After getting a grant and refinancing her home, she built a $130,000 backyard tiny home to live in. Her daughter moved into the main home and Lowell is able to age in place on her property in Vermont. The other purpose was to try to provide a place for my husband and I to live at our old age. I feel secure in my old age now in a way that I did not before.
Persons: Jean Lowell, Lowell, , I'd, didn't, Ray Tan Organizations: Service, Vermont Housing Locations: Vermont, Montpelier , Vermont, Montpelier
Mercier books his commuting flight only a day in advance with his airline. People don't really think of that, but it's kind of like your office when you're up there for hours and hours. Courtesy of Malick MercierI knew that flight attendants say commuting is basically a second job, and it does require a lot of work. But it's super cool that it's a flexible job because I'm able to travel for work, and then I learn so much about the country. AdvertisementI think I'd keep commuting as long as I was this passionate about it — I think that's what it comes down to.
Persons: Malick Mercier, Mercier, , it's, that's, It's, I've Organizations: Service, Los Angeles International Airport, LAX, New York, JFK Locations: Los Angeles, New York City, supercommuting, TikTok, New York, Salt Lake City, Utah, Aruba, New, Guatemala, JFK, LA, Long, Long Beach, Salt, Plenty
Ski towns are so expensive that workers struggle to afford local housing and stay in their jobs. Vail, Colorado has spent $17 million paying homeowners to rent to local workers, according to the Wall Street Journal. The typical home value in Breckenridge was $1.1 million in October, while in Vail, 40 miles west, it was $1.6 million, according to Zillow. He told Business Insider earlier this year that the worker exodus from Vail has forced his business to stop offering lunch some days. Advertisement"Teachers, like myself, want to stay here in the community, but doing so requires the stability that homeownership can offer," Weibel told Business Insider.
Persons: , Callie Kuchan, Business Insider's Jordan Pandy, Kuchan, Pandy, Vail, George Ruther, Ruther, he's, Paul Anders, Anders, Allison Weibel, Weibel Organizations: Wall Street, Service, Business, Street Journal, US Department of Housing, Urban, Policy Development, Research, Vail Daily, Vail Locations: Vail , Colorado, Breckenridge , Colorado, Illinois, Chicago, Breckenridge, Vail, Aspen, , Montana
Jayne Jordan, 61, and her husband moved to Azle, Texas, 30 minutes from Fort Worth, in August. The cost of their housing was so much less than in California that Jordan was able to retire early. AdvertisementThis as-told-to essay is based on a conversation with Jayne Jordan, 61, about her decision to move from the Los Angeles area to Azle, Texas, in August. Jordan's new home in Azle, Texas. When we first got to Texas, it was really hot, so we really got to experience the summer heat.
Persons: Jayne Jordan, Jordan, , school's, We're, it's, It's, we've, haven't Organizations: Service, Texas Gas Locations: Azle , Texas, Fort Worth, California, Texas, Los Angeles, Irvine, Corona, Azle, Inland
The Council for Community and Economic Research calculated the cost of living in over 300 US cities. Here are the 17 cheapest cities, where essentials like housing, groceries, and gas are cheaper. People looking for a more affordable life often migrate to smaller states like Oklahoma and Tennessee. Expensive states like California, meanwhile, are continuing to lose residents to less pricey spots in Florida and Texas. Read on for the 17 cheapest cities to live in the US, listed in order from most to least expensive.
Persons: , it's, Read Organizations: for Community, Economic Research, Service Locations: Oklahoma, Tennessee, California, Florida and Texas, Midwest, Illinois, Georgia
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
Chuck: I grew up on a fourth-generation dairy farm in Wisconsin, and my intention was actually to become a farmer. Chuck: We wanted a forest and pasture, and we wanted it to be within 30 minutes of a more developed town. We knew what we were going to do, and those kinds of life events just change your timeline a bit. Brooke: It was a matter of getting a well put in, getting electrical put in, getting the mail to recognize us. AdvertisementAdvertisementChuck: We have nine miles of trails that we've already mapped out on our property — just the absolute stunning beauty.
Persons: Brooke, Chuck Anderson, They're, , I'd, Chuck, we'd, Brooke Anderson, We've, homesteading, we've, Brooke Anderson Brooke, haven't, Brooke :, they've, I'm, She's, We're Organizations: Service, YouTube, Virginia Tech, Andersons, Raleigh . Locations: Virginia, Wisconsin, Raleigh, COVID, We're, Blacksburg, Brooke, Roanoke
Rydel Peterson is selling a 1920s Pullman train car his father gave him. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Montana lawyer Rydel Peterson is asking $249,000 for a historic Pullman train car that was a gift from his father. Peterson, 45, said his father, who owned a train repair center, spent $1 million renovating the 1920s train car into a three-bedroom, two-bathroom home with heat, air conditioning, and electricity. After Peterson's father gave him the train car, it landed in his backyard — but his wife wasn't a fan.
Persons: Rydel Peterson, didn't, Peterson, , Peterson's, wasn't Organizations: Pullman, Service Locations: Montana, Washington, Missoula
When John Anderson, 37, moved to a new house in September, he made an Amazon housewarming registry. He shared it with his followers online and got $600 worth of presents from people he'd never met. AdvertisementAdvertisementHe's not alone: Some new homeowners are setting up housewarming registries with wish lists of items to furnish their new pads. People with housewarming registries believe that buying a home is its own milestone nowadays, on par with getting married or having a baby. Did you have a housewarming registry?
Persons: John Anderson, he'd, , they'd, Anderson, Lizzie Post, Emily Post, Refinery29, John Anderson Anderson, Jordan Pandy Organizations: Service, Facebook Locations: New Orleans, jpandy@insider.com
10 smaller US cities with booming tech scenes
  + stars: | 2023-10-30 | by ( Jordan Pandy | ) www.businessinsider.com   time to read: +2 min
Three metros in Utah are among the mid-size cities with the most advanced tech talent. From that list, it then ranked cities by their share of tech workers with at least one of the in-demand tech skills previously identified. Cities with more to offer than just a robust tech scene scored high in where advanced tech talent is concentrating. Fayetteville, Arkansas, which ranked as the mid-size city with the second-highest concentration of advanced tech talent, has attracted tech workers seeking a more laid-back lifestyle than larger cities with a high concentration of tech talent, like Austin, Texas . Here are the top 10 mid-size cities ranked by their concentration of advanced tech workers, according to the Burning Glass Institute.
Persons: , San, Matt Sigelman, Ann Organizations: Service, Burning Glass, Street Journal, Glass Institute, Journal . Tech Locations: Fayetteville , Arkansas, Rochester , New York, Utah, San Francisco, Seattle, Provo , Utah, Ann Arbor , Michigan, Boise City , Idaho, Salt Lake City , Utah, Austin , Texas
An influx of wealth is reshaping the real-estate market in South Florida. The average home price in Palm Beach hit $20 million, making it the country's most expensive market. Six South Florida homes seeking over $40 million offer perks from a rooftop pool to a tennis court. At the same time, the number of listings has fallen off in Palm Beach and Miami Beach, nudging along competition for what homes come to market. Take a look at six of the most expensive homes for sale in South Florida eyed by these monied movers, with prices topping $40 million.
Persons: , Larry Ellison's, Ken Griffin's, Jeff Bezos's, Ruthie Assouline, Douglas Elliman, there's, Corcoran Organizations: Palm, Service, Sunshine State, Oracle, Citadel, Miami, Wall, CNBC, Miami Beach Locations: South Florida, Palm Beach, Florida, Valley, New York City, Miami, Beach, Miami Beach, nudging
I wanted to raise my children in EuropeOwens, her husband, Shawn, and their three children. I brought my kids outside all the time even before we got here. I feel safe enough to leave my kids outside when I go run into a convenience store or a bakery. If you want to do Amazon, you can do Amazon Germany, but it's more expensive to ship from there to here. Ellie OwensIf you are okay with living outside the city and commuting in, you can find a lot cheaper housing.
Persons: Ellie Owens, , Shawn, he'd, Europe Owens, he's, They're, I've, Owens, it's, We're Organizations: Service Locations: Denmark, Copenhagen, Ridgefield , Connecticut, New York, Detroit , Michigan, Bremen, Germany, Europe, Swedish
A San Jose home is the site of an "inactive meth lab and meth contamination," the listing reads. "If it's a meth lab, it shouldn't be listed at that price, not in that neighborhood," an agent said. AdvertisementAdvertisementThe housing market in San Jose, California, is so hot that even a former meth lab is asking well over $1 million. A six-bedroom home is currently listed at $1.55 million, but the kicker is it's being sold as is — "inactive meth lab" and all, reads the listing description. According to Redfin, San Jose has the most competitive housing market in the country, beating out neighboring cities like Sacramento and San Diego.
Persons: , Redfin, Diane LoVerde, Santa Clara County, LoVerde, Zaid Hanna, KRON4, Keller, Cindy Selleos Organizations: Service, Court Locations: Jose, San Jose , California, San Jose, Sacramento, San Diego, California, Zillow, Santa Clara
Gen Z is looking beyond more crowded states for places where there's elbow room and affordability. Older generations aren't selling homes, making it hard for Gen Z to get into more popular markets. Emilia Mann, a senior analyst at StorageCafe, said that Gen Z doesn't have the same location preferences as older generations. "Gen Zers are increasingly drawn to simpler living in their housing choices," Mann told Insider via email. "We see the Gen Zers be more movement oriented, especially in long distances," Ressler said.
Persons: Z, , Emilia Mann, Zers, Mann, Gen X, Doug Ressler, Gen Z, Ressler, StorageCafe, Gen Organizations: Service, Survey Locations: Midwest, DC, Washington, Illinois, Montana, Idaho, Kansas, Nebraska, what's, RentCafe
AdvertisementAdvertisementAn aerial view of a Union Pacific train entering downtown on April 21, 2023 in Austin, Texas. "Now it seems like there's a ton of really, really impressive people," Entwistle told Insider in July. Austinites still feel connected to the tech scene, but aren't ruled by it. AdvertisementAdvertisement"One of the things that we were so grateful for is access to outdoor activities," she told Insider. "Austin was one of the last places towards the end of my time traveling around that I had visited," he told Insider.
Persons: , Brandon Bell, Hailey Eustace, Evan Baehr, Austin, Alicia Teagle, Austin —, Teagle, it's, John Andrew Entwistle, John Andrew Entwistle John Andrew Entwistle, talent's, Entwistle, Eustace, Austinites, aren't, San Francisco who've, Austin wasn't oversold, White, Sarah Hollingsworth, Robert Johnson, Robert Johnson Robert Johnson Organizations: Service, Austin Chamber, Union Pacific, Health, Learn, Apple, Google, Austin, Austin —, Lone Star State Locations: Austin, San Francisco, New York, Texas, Austin ., Austin , Texas, Francisco, Germany, Miami, Savannah, New York City, San Antonio, Lake Austin
The most expensive and populous cities are not the most competitive for homebuying, Redfin found. In these cities, days on market are falling, offers abound, and contingencies are often waived. AdvertisementAdvertisementEven though the uber-competitive housing market days of 2021 and 2022 are mostly behind us , there are still cities where you better bring your best offer. Redfin has uncovered the cities with the most competitive housing markets in the country. Redfin measured the competitiveness of housing markets based on the number of competing offers, waived contingencies, sale to list ratio, and number of days on market.
Persons: Redfin, , Daryl Fairweather, There's, Fairweather, San Organizations: Service Locations: Omaha , Nebraska, Rockford , Illinois, York, Los Angeles, Austin, Boise, Fayetteville, Omaha, California, San Jose, San Diego, Sacramento, San Francisco, Francisco, Redfin
Homeowners in both California and Florida are facing a home insurance crisis due to natural disasters. AdvertisementAdvertisementFormer Florida residents Natalia and John told Insider's Jordan Pandy that they had to leave after their homeowners insurance skyrocketed to $12,000. The lifelong Florida residents said they moved to a town in Wisconsin where they could get a lot more bang for their buck. Across the country, another form of natural disaster is complicating homeowner's insurance in the West, including California. "Modernizing our insurance market is not going to be easy or happen overnight," California Insurance Commissioner Ricardo Lara, said, according to AP.
Persons: , Natalia, John, Insider's Jordan Pandy, Insider's Catherine Boudreau, Dan Latu, Ricardo Lara Organizations: Service, Census, CBS News, Guardian, Allstate, AP Locations: California, Florida, Wisconsin
Callie Kuchan is returning to Illinois after finding a small ski town in Colorado too expensive. To hike, bike, ski, cross-country ski — pretty much all of the outdoor sports that I could get myself into. You're living your mundane life while being surrounded by that environment, which can be challenging mentally. Callie Kuchan moved to Breckenridge, Colorado, for the active lifestyle, but couldn't afford to live how she wanted to. Breckenridge, Colorado.
Persons: Callie Kuchan, Kuchan, , There's, Breckenridge, Covid, it's, — it's Organizations: Service Locations: Illinois, Colorado, Breckenridge, Breckenridge , Colorado, Denver, Chicago , Illinois, Chicago, Chamonix
AdvertisementAdvertisementThis as-told-to essay is based on a conversation with Sarah Hollingsworth, 35, about her experience moving from San Antonio to Austin in 2019. My six-month-old daughter, Amelia; my husband, Scott; and I moved to Austin in August 2019 from San Antonio — literally an hour and a half away. There really just aren't that many high-paying tech jobs in San Antonio and we both loved that industry and wanted to stay in it. Austin, being the next-closest tech city, had an abundant amount of high-paying tech jobs. I enrolled in the Entrepreneur Center of Austin, which San Antonio doesn't have.
Persons: Sarah Hollingsworth, , Austin, Hollingsworth, Poppylist, Amelia, Scott, San Antonio —, Hollingsworth's, Zoey, Antonio doesn't, Techstars Austin, Sarah Hollingsworth San, it's Organizations: Service, Entrepreneur Center of Austin, Capital Factory Locations: Austin, San Antonio, Scott's, West Austin, Lake Austin, Sarah Hollingsworth San Antonio, There's
The top 10 states people are flocking to
  + stars: | 2023-10-14 | by ( Jordan Pandy | ) www.businessinsider.com   time to read: +2 min
Midwestern and southern states with smaller populations are attracting more residents. Now, people are going even farther outside of the suburbs, particularly to rural states like Idaho and Montana , a new report says. All 10 states on the list have populations under 8 million, according to Census estimates for 2022. That is really driving a lot of what we see in a lot of these less dense areas around the states." AdvertisementAdvertisementHere are the 10 states that are leading the rankings in net migration, according to StorageCafe.
Persons: , Doug Ressler, Ressler Organizations: Service Locations: Idaho, Montana, South, Midwest, Montana , Idaho, Vermont, Montana , Vermont
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