Is it too Expensive to Move? Tips for Saving Money if You Have to Move

Relocating to a new home is a significant emotional and financial endeavor. In 2025, the costs associated with moving have escalated, influenced by rising real estate prices, increased demand, and various economic factors. This article delves into the current moving expenses and the challenges posed by soaring property values and offers practical tips for those planning a move.

Current Costs of Moving

The expenses involved in relocating can vary widely based on distance, size of the move, and additional services required. As of 2025, here are some average costs:

• Local Moves: The average cost for moves within the same city or nearby areas ranges from $1,200 to $2,500. This estimate includes hiring professional movers for a standard three-bedroom home.
• Long-Distance Moves: Moving across states or over 100 miles can cost between $4,000 and $7,500 or more, depending on the weight of belongings and the distance traveled.
• Additional Expenses: Services such as packing, temporary storage, or specialized item handling can escalate costs. For instance, moving a piano or fine art may incur extra charges.

Impact of Rising Real Estate Prices

The real estate landscape has undergone significant changes, affecting both buyers and renters:

• Increased Home Prices: Cities like Richmond, Virginia, have experienced a 42% surge in home prices over the past five years, with the median price reaching $425,000 in January 2025. This spike is attributed to low borrowing costs and the rise of remote work, which has intensified demand.
• Competitive Markets: In regions such as the Northeast, properties often sell for amounts significantly above the asking price. Buyers employ strategies like waiving contingencies and accommodating sellers’ timelines to secure homes, reflecting the high competition in these markets.
• Rental Market Pressures: Escalating home prices have pushed many to continue renting, leading to increased demand and higher rents. For example, in North Dakota, the average monthly rent for a two-bedroom apartment varies by county, with some areas averaging $734, while others, like Dunn County, average $1,043.

Tips for Moving Amid Rising Costs

Given the financial challenges, consider the following strategies to manage moving expenses effectively:

1. Budget Thoroughly: List all potential costs, including movers, packing materials, insurance, and unexpected expenses. A detailed budget helps prevent financial surprises.
2. Declutter Before Moving: Reducing the number of items can lower moving costs. Sell, donate, or dispose of belongings you no longer need.
3. Compare Moving Companies: Obtain quotes from multiple movers, ensuring they are licensed and insured. Reading reviews can provide insights into their reliability.
4. Consider Off-Peak Moving: Moving during off-peak seasons or weekdays can result in lower rates due to decreased demand.
5. Explore Employer Assistance: Some employers offer relocation packages. Inquire if such benefits are available to you.
6. Negotiate with Sellers or Landlords: In some cases, sellers or landlords may cover part of the moving costs or offer concessions to facilitate the move.
7. Utilize Tax Deductions: While tax laws have changed, certain moving expenses related to job relocations might still be deductible. Consult a tax professional to understand current regulations.

Bottom Line

Moving in today’s economic climate presents financial challenges, primarily due to rising real estate prices and associated costs. However, with careful planning, budgeting, and strategic decision-making, it’s possible to navigate these challenges effectively. Staying informed about market trends and proactively managing expenses can lead to a successful and financially sound relocation.