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Real Estate Technology

How relocating can impact your living expenses

Teleport is a search engine designed with digital nomads in mind allowing you to see how your finances would be impacted by relocating.

teleport

Often times when searching for a new home, due to relocation, personal, or other reason, it is difficult to know where to begin. While you may have knowledge of the general area, each suburb can vary greatly in what it has to offer financially, socially, and in terms of which schools are best for your children. Searching each city in a surrounding area can be tiresome and often times leaves out the information you need most, which leads to more searching. A new search tool offers one solution to this problem.

Teleport is a search engine for “digital nomads.” Aimed at helping professionals save time and money. Simply enter where you currently live and search globally to see what your living expenses would be if you were to relocate. 232 million people live outside the country they were born in and this number is expected to double in the next few decades. 50% of college graduates in the United States leave their home state by the age of 30.

Good research tool for you or your clients

Teleport can be used as a research tool for anyone looking to move. College students looking to scope out the cheapest areas to live, while still offering jobs in their subject area, people who have recently transferred jobs and have not quite decided which suburb is for them, and anyone else who is looking for a change of scenery, better salary, or cheaper living expenses, can benefit from Teleport.

Not thinking about moving right now? This could be a useful tool for clients to discover how much a move would cost and how one area could be more financially viable than another without the need to look each city’s average median income up. Also, consider that jobs no longer mean a specific place. Millions of people every year can live anywhere and work remotely.

This started first in tech-heavy professional circles but the wave continues: already one fifth of all working people telecommute, which means finding the least expensive place to live, no longer needs to be centered around the “main office;” you can center it  around yourself. Use Teleport to find the least expensive suburb, a new place to set up shop, or just as a fun tool to see how your living expenses measure up where you are currently, against somewhere you have always wanted to visit.

Jennifer Walpole is a Senior Staff Writer at The American Genius and holds a Master's degree in English from the University of Oklahoma. She is a science fiction fanatic and enjoys writing way more than she should. She dreams of being a screenwriter and seeing her work on the big screen in Hollywood one day.

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