Connect with us

Hi, what are you looking for?

The American Genius Real EstateThe American Genius Real Estate

Real Estate Brokerage

Austin beats out other tech hubs for highest moving costs in US

(BROKERAGE NEWS) If you’re already saving for a move, might as well save up a bit more.

austin

It costs to be this cool

Are you thinking about moving to Austin? Probably. You might want to think again. According to Movinga, an online moving platform, moving to the Hill Country carries one of the biggest moving expense bills in the nation (in fact, in the world).

bar
Though many people do not picture Austin among the ranks of New York or Seattle as a buzzing metropolitan, the city has been continually growing.

[clickToTweet tweet=”It’s estimated that 110 people move to Austin on the daily.” quote=”In fact, it’s estimated that 110 people move to Austin on the daily.”]

Due to this immense rise in popularity, rent and prices have skyrocketed much to the dismay of native Austinites.

Crunching the numbers

Among 75 other cities around the world, Austin ranked #25.

Data for the study was compiled by the 2017 Relocation Price Index, which detailed living expenses. According to the index, a recent transplant to Austin can expect to spend $1533.39 on average in the first month of moving. This number accounts for a single person’s rent in a one-bedroom apartment, food and drink, cellphone set-up and a monthly transportation pass. Though this is only half of the average cost to move to New York or San Francisco, it is certainly not cheap. This does not even factor in the cost of the move itself.

In fact, actually moving to Austin costs more than moving to San Francisco.

For one person driving 155 miles to move, which is the average for a move worldwide, it will cost $805 to get to the ATX.

Top of the list

According to the results, the most expensive city to move to in the world is Luana, Angola. So if you were planning on relocating there, ATX may not seem like such a bad choice. Rounding out the top five are New York, San Francisco, Zurich and London. No real big surprises there.

Only time will tell if Austin will join these major cities come 2018.

#Yikes

Written By

Natalie is a Staff Writer at The Real Daily and co-founded an Austin creative magazine called Almost Real Things. When she is not writing, she spends her time making art, teaching painting classes and confusing people. In addition to pursuing a writing career, Natalie plans on getting her MFA to become a Professor of Fine Art.

Advertisement

The Daily Intel
in your inbox

Subscribe and get news and EXCLUSIVE content to your email inbox.

Advertisement

KEEP READING!

Homeownership

There are a dozen factors involved to make the decision, but this new tool can help predict whether moving is right for you!

Homeownership

There are moments when social media brings people together and gives us comedy gold. Have you ever left something behind when you moved, something...

Real Estate Technology

(TECHNOLOGY) With material and labor shortages impacting new construction, Lennar is developing a new strategy to keep up with demand: 3D printed homes.

Real Estate Technology

(REAL ESTATE TECHNOLOGY) COVID-19 has been stated as the number 1 reason why people are moving; this interactive map gives you a picture of...

The American Genius' real estate section is honest, up to the minute real estate industry news crafted for industry practitioners - we cut through the pay-to-play news fluff to bring you what's happening behind closed doors, what's meaningful to your practice, and what to expect in the future. We're your competitive advantage. The American Genius, LLC Copyright © 2005-2022