Trends

Mint Map: Moving for Money

Written by Mint.com
Published Jan 27, 2010
1 min read
The views expressed on this blog are those of the bloggers, and not necessarily those of Intuit. Third-party blogger may have received compensation for their time and services. Click here to read full disclosure on third-party bloggers. This blog does not provide legal, financial, accounting or tax advice. The content on this blog is "as is" and carries no warranties. Intuit does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog. After 20 days, comments are closed on posts. Intuit may, but has no obligation to, monitor comments. Comments that include profanity or abusive language will not be posted. Click here to read full Terms of Service.

In times of plenty, relocating for work usually means a better job or a higher standard of living. But in today’s tough economy, many are finding that they just can’t find work or maintain their standard of living where they currently live. It’s especially bad in New York and California, two places where the economy is suffering and the cost of living remains high. Many of these financial refugees are ending up in Texas, a place where the cost of living is low. And many of those that are relocating are in the very lowest income bracket, a further indication that money is their motivation for moving.

Embed the above image on your site
<a href="http://www.mint.com/blog/wp-content/uploads/2010/01/MNT-MIGRATION-R2.png" target="_blank"><img fetchpriority="high" decoding="async" src="http://www.mint.com/blog/wp-content/uploads/2010/01/MNT-MIGRATION-R2.png" alt="MNT-MIGRATION-R2" title="MNT-MIGRATION-R2" width="918" height="942" class="alignnone size-full wp-image-8323" /></a><br /><a href="http://www.mint.com/" target="_blank">personal finance</a> – Mint.com