Since the pandemic started, more and more home buyers have been searching for homes in smaller towns further away from large downtown metropolitan areas. Why would anyone want to move away from the city where everything you could want or need is just a few minutes away?
Here are 4benefits to the small town life:
Lower Sale Prices and Property Taxes
Generally smaller towns have much lower home sale prices and property tax charges. For example: the median price of a home in New York, New York according to popular home listing site Zillow is $652,307 and the median home value of tiny Woodstock, New York (population >6,000) is just $388,412. Similarly, you will find that Leland NC Real Estate is more affordable than property in the nearby city of Wilmington, so could be an option for those who are looking to work in the city but who want a quieter home setting. In Atlanta Georgia, real estate costs are lower and you could pay about $1,500 rent for a one bedroom apartment or pay less than that in monthly mortgage payments for an entire home just outside of the city.
Property taxes are also commonly lower in small towns. For example let’s look at a commonly known Florida city, Tampa. The property tax of Tampa in 2019 was 0.742%, but in Hialeah, Florida the 2019 rate was just 0.513%.
Daily Living Costs are Lower
All of those things we pay for to conduct day to day life tasks, those become less expensive when you move to the country. Expenses like: parking, gas, taking an Uber, entertainment, restaurants, school items, and even car insurance all statistically cost less in small towns.
Related: 5 Ways to Buy a House without a Mortgage
Small Business Owners Make More Money in Small Towns
If you are a small business owner, relocating to a small town could be hugely beneficial to you. Even though doing business in a large city brings in a much bigger customer base, studies and statistics have shown that small business owners are more successful in small towns. The financial site NerdWallet, that focuses on helping consumers make money and keep more in their pocket, found that the average number of business revenue in a large city is $1.4million annually. In a small town, according to NerdWallet, the number goes up to a whopping $4million in smaller towns. Operating costs of insurance, taxes, rent, advertising, etc. all help to play a role in this.
Related: How to Grow a Rental Business in a Recession
More Free Things to Do
If you enjoy getting outdoors to enjoy fresh air and natural beauty, there are more opportunities to do so for free in a small town. There are some great free things to enjoy in large cities, but there are many more the further out and more remote you are. Parks are bigger, sidewalks are less crowded ( a big plus right now during the pandemic), and there are just more outdoor spaces to enjoy.
Making a go in a small town isn't for everyone but if you're looking to save money, get out of the hustle and bustle of big city living, there are many places all over the country that offer a lower cost of living than major metro areas. Here are some more great financial tips for those looking to downsize and move.
Moving to a small town can come with unexpected upfront costs security deposits, first month’s rent, truck rentals, and utility setup fees. If you find yourself short on cash before your paycheck arrives, a quick funding solution may help cover these immediate expenses without derailing your relocation plans. For example, some borrowers opt for a $500 loan no credit check direct lender to bridge the gap until regular income kicks in. Make sure to compare rates, fees, and repayment terms before committing to any short-term financing option.
Even after relocating, life in a smaller town can bring unplanned repairs like a broken-down car on a snowy road or a sudden medical bill from the local clinic. Instead of scrambling when emergencies arise, it’s wise to set up a financial cushion. If you need fast access to cash before your emergency fund is fully stocked, you might consider a $1,000 quick loan no credit check. Use this option sparingly and focus on replenishing your savings so you aren’t relying on high-interest borrowing in the long run.
If your credit score took a hit from moving expenses or early-stage unemployment, finding traditional lenders can be challenging especially in regions where many banks require stricter underwriting standards. In these cases, exploring alternative lending avenues designed for less-than-perfect credit can be crucial. For example, some institutions specialize in high risk cash loans that may approve applicants based on income rather than credit history. Always weigh the higher interest rates and fees against the necessity of the funds, and plan a repayment roadmap to avoid longer-term debt traps.
In rural and small-town markets, traditional banks are often scarce; local credit unions may have limited lending programs, and big banks may impose rigid eligibility criteria. Private money lenders can fill that gap by offering more flexible underwriting and faster turnaround especially for personal needs related to relocation. If you need a customized personal loan for moving expenses, consider reaching out to direct private lenders for personal loans. These lenders often evaluate your overall financial picture rather than just a credit score, providing a viable alternative to cover moving costs or initial housing expenses.
After you’ve settled in, you may face minor but recurring expenses like seasonal heating bills in colder climates, tools for home repairs, or membership fees for local organizations that help integrate you into the community. Instead of letting these small costs accumulate, a targeted small personal loan can be a smart way to smooth cash flow. If you’re looking for a quick and manageable option, check out small personal loans online. These loans typically range from a few hundred to a couple thousand dollars and can be tailored to shorter repayment periods, helping you stay on top of day-to-day costs without overborrowing.
Sometimes moving to a small town means leaving behind a higher-paying job and relying on temporary gigs or seasonal work, which can strain your credit score. If you have bad credit and need financing during this transitional phase, a guaranteed approval loan might seem appealing. However, products marketed as “guaranteed” often carry substantially higher interest rates and fees. Before proceeding, evaluate whether a small extension of your budget like negotiating a move-out date or asking friends/family for a short bridge can eliminate the need for loans for bad credit online guaranteed approval. If a loan is truly your only choice, read the fine print, understand the total repayment amount, and set up automatic payments to avoid late fees.
Managing Initial Moving Expenses with Short-Term Financing
Planning for Unexpected Costs: Building an Emergency Buffer
Understanding Loan Options for High-Risk Borrowers in Rural Areas
Leveraging Private Money Lenders for Relocation Funds
Utilizing Small Personal Loans to Bridge Financial Gaps
Exploring Guaranteed Approval Loans for Bad Credit During Relocation
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