Global Employment & Expansion 6 min

How much will it cost to relocate?

Written by Sally Flaxman
December 12, 2024
Sally Flaxman

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Relocating to a new city‌ — ‌or even a new country‌ — ‌can be one of the most exciting (even if stressful) adventures of your life. But before you start packing your boxes, there’s one critical question to answer: how much will it cost to relocate?

Relocation comes with a variety of expenses, from moving your belongings to settling into a new home.

This article breaks down the costs of moving and provides actionable tips to help you estimate relocation costs accurately. By the end, you’ll have a clear understanding of what to expect‌ — ‌and how to save.

What are the common costs of moving?

Relocation involves several expenses, and being prepared can save you both time and money. Here are the primary relocation costs to consider:

Moving and transportation costs 

This category covers the physical aspect of relocating your belongings:

  • Moving services: Full-service movers charge between $1,000 and $5,000 for local moves, while cross-country moves can cost upwards of $10,000.

  • DIY options: Renting a truck or container can save money, but fuel costs and time commitments should be considered.

  • Shipping belongings: If you’re moving internationally, container shipping or air freight will increase your costs significantly.

  • Vehicle transport: Shipping a car can cost between $500 and $1,500, depending on the distance.

Housing costs

Your housing expenses may vary depending on whether you’re renting or buying.

  • Renting: Expect to pay for application fees, deposits, and the first month’s rent up front. In competitive markets, landlords may require additional months’ rent as a security deposit.

  • Buying: Expenses include down payments, closing costs, and inspection fees.

  • Temporary Housing: If you’re transitioning to your new home slowly, budget for short-term rentals, hotels, or Airbnb stays.

Relocating isn’t just about moving boxes‌ — ‌it also involves paperwork.

  • Visa and permit fees (for international moves).

  • Updating your driver’s license, vehicle registration, and identification.

  • Utility setup fees for electricity, water, and internet.

Family and pet relocation costs 

If you’re relocating with children or pets, extra costs can pile up.

  • Children: School enrollment fees, daycare adjustments, and transportation to new schools.

  • Pets: Travel permits, vaccinations, and pet relocation services can cost between $200 and $5,000 depending on your pet and the distance.

Miscellaneous expenses

The small things add up!

  • Storage costs for items you can’t immediately move.

  • New furniture or appliances to suit your new space.

  • Lifestyle adjustments like gym memberships or commute expenses in your new location.

link to Remote job relocation: 5 steps before your remote work move

Remote job relocation: 5 steps before your remote work move

It is possible to keep your job remotely, even if you’re moving to another country. All that’s required is buy-in from the company you work for and some planning to ensure you make the right legal and practical preparations.

How to estimate your relocation costs    

To create an accurate budget, start by making a detailed relocation expenses list. Include every possible cost, guided by the above list. Research prices for moving services, transportation, and temporary housing to ensure your relocation cost estimate reflects actual market rates.

For example:

  • Packing supplies: $100–$500

  • Movers (local): $500–$2,000

  • Movers (long-distance): $2,000–$10,000

  • Temporary housing: $1,000–$3,000

Using online calculators or consulting with professional movers can help you estimate relocation costs based on your unique needs.

Remember to factor in upfront costs (e.g., deposits and moving fees) and recurring costs (e.g., rent or mortgage payments).

Watch out for hidden costs as some expenses may be easy to overlook, such as: 

  • Surcharges from movers: Be wary of additional fees packing materials, or long carry distances.

  • Cost of living changes: Relocating to a major city or another country might come with higher everyday expenses.

Tips to save on relocation costs 

Managing relocation expenses is all about planning ahead and making informed choices. By creating a budget and tracking your costs, you can keep your move affordable and stress-free. A little preparation goes a long way in ensuring a smooth transition to your new home. Here are some tips that can help. 

Plan ahead

  • Get multiple quotes from movers to find the best deal and book transportation well in advance to lock in lower rates. 

  • Declutter your belongings‌ — ‌sell or donate items you don’t need to reduce volume.

Leverage employer benefits

  • If relocating for work, negotiate a relocation package that includes moving costs, temporary housing, or even a stipend.

  • Check for tax deductions on relocation expenses (where applicable).

Be strategic about transportation 

  • Handle packing or driving yourself if feasible. For long-distance moves, explore options like shared container shipping or hybrid DIY/mover models.

  • Use relocation insurance to avoid costly replacements for damaged items.

Why relocating for remote work is different

Relocating for a remote job eliminates some costs, such as commuting or relocating near a physical office. However, it can introduce unique challenges:

  • Moving farther from urban centers might increase transportation or delivery fees.

  • Navigating international moves as a remote worker often requires more self-management of visas and documentation.

Global HR platform Remote offers comprehensive relocation assistance to help employees transition smoothly to new countries. Their services include end-to-end immigration guidance and support for obtaining necessary documentation like work permits and visas. Remote also manages compliance with local immigration laws. 

link to Introducing Remote Relocation Services: Attract top talent and scale globally

Introducing Remote Relocation Services: Attract top talent and scale globally

Learn more about Remote's Relocation Services to help you attract top talent and scale globally. Discover how Remote makes international relocation for your team members quick, simple, and efficient.

Make relocation simple with Remote 

Relocating doesn’t have to be overwhelming. By understanding the costs of moving, planning carefully, and using resources like our Relocation Guide, you can make your move seamless and cost-effective.

Remote’s global HR platform is an all-in-one solution for recruiting, managing, and paying employees worldwide. By partnering with Remote, your employer can simplify even the most complex relocations, including international moves. From onboarding and taxes to payroll and compliance, Remote handles the details, making global employment simple for both employers and employees.

Discover how Remote can minimize the hassles of international relocation. Need more advice or support? Reach out to our Mobility team for expert guidance.

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