Moving out of state
What would you consider the minimum savings to move out of state; assuming you are renting and not mortgaging a house?
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What would you consider the minimum savings to move out of state; assuming you are renting and not mortgaging a house?
Depends on your income, what state and how much rent is. Moving to New York City for example you'd need more than moving to Indiana.
It mostly depends on the states you're moving to and from, how far you need to travel, and what your current income/savings is. For example I live in CA, which is probably more expensive than most states. I'd say a safe and cheap bet for most people would probably range from $2000-$5000. It doesn't have to cost thousands and thousands of dollars to move to someplace new if you're careful about it. It's possible to do this for less than 2 grand too, but personally I'd rather save up a little more than that in general since it's nice to have some breathing room.
first last & security for your new lease
plus another thousand or two for incidental bullshit
Not sure I understand the question?
I took this as how much savings would be enough to make you move to another state. Not how much does it cost or how much I would need to actually move.
All things considered, if I lived in a high cost area and I could move to another area that was lower cost and keep the same job or income, same living standard, pretty much everything the same, just new area, if I could save $1000 to $1500 US dollars a month, I'd highly consider it.