When it comes to relocating, cost of living is top-of-mind for consumers, beating out other considerations such as crime, price of insurance, state taxes and how welcoming the community is, according to a survey by Insure.com.
In line with this, the biggest motivating factor behind a move to a state with a higher cost of living is money. The potential to earn a bigger salary was the most common driver behind such relocations. In fact, "great job opportunities" ranked equal with "being near loved ones" when deciding to move to a place with a higher cost of living.
However, 11% of consumers said they would never move to a higher-cost city, Insure.com found.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
