Five Hidden Costs of Moving to Denver for a New Job

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Five Hidden Costs of Moving to Denver for a New Job

Everyone knows that moving to a new city for a job is a costly proposition in terms of time and money. The list of items to budget for is long. Even the most budget-conscious of people may not remember to set aside for some things that could come up throughout a move to Denver. If you are considering a new job in another city, here are five expenses you should consider as you plan a budget.

1) The cost of moving all of your possessions

If your new job is with one of the 41% of companies in the United States that does not offer some form of funds to help reimburse for the move you will have to make, this is a bill you will have to take on yourself. Whether you appoint a company to relocate your household or you choose to handle it yourself, it can be expensive. Choosing the former may have higher upfront costs, but there will still be considerable expenses with the latter selection, too.

For starters, you'll have to rent a trailer (and a hitch if you do not already have one installed on your vehicle) or moving truck to transport your belongings. Further, you'll have to budget for travel-related expenses once you hit the road to Denver.

A do-it-yourself move may not be as expensive as having someone else to do it for you, but it will not be cheap. Plan accordingly. Discover more about the Pros and Cons of DIY Moving here.

2) The cost of traveling to a new location in Denver

Speaking of traveling…

This was mentioned briefly above, but the cost of traveling to a new location has to be brought up when discussing a move. If you plan to drive, you need to account for food, gas, lodging, and tolls, if applicable, as well as set some money aside for vehicle repairs in case there is a breakdown while you are on the road.

Even if you hire a moving company and decide to fly out ahead, there is still the cost of airline tickets. Either way, you will need to budget some expense to get to Denver.

3) The cost of temporary housing in Denver

If you do not have a permanent place to stay lined up when you arrive in Denver, you will at least need to make arrangements for a location to live temporarily while you hunt for something less temporary. It may be a hotel, or a month-to-month lease on an apartment, but it is one thing you must take into consideration. Another consideration should be the cost of storing everything you do not need while you hunt.

4) The cost of living in Denver

The compensation you have been presented with may be ten percent higher than what you are presently being paid, but how much will that matter if the cost of living is eleven or twelve percent higher in the city you will be moving to? Contrast what you'll be spending there for things like groceries, transportation, and insurance to what you are paying now to see what the change in costs of living could cost you.

5) The cost of leaving your close-knit community and creating a new one

No, this cost is not a financial one, but it is crucial to think about when you are moving away for a job. Unless you are a recluse, you have a community of people where you are at this moment that probably consists of family, friends, and co-workers. Going to a new city will sever some of those relationships and make others more strenuous to preserve. It can take massive amounts of time and effort to build similar ties in a new place, so prepare yourself correspondingly.

Ready to make the move to Denver? A-1 Freeman Moving Group can provide a free estimate. 
 

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