Moving to Save Money with Geoarbitrage
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Geoarbitrage is the act of moving from a high cost of living area to a low cost of living area to save money.
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Housing is the number one expense for most people, so finding a way to lower that is a great way to save a lot of money and focus on building wealth.
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Here are some pros and cons of geoabitrage to help you decide if it's right for you!
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The biggest benefit of geoarbitrage is the copious amounts of money that you can save on living expenses.
Pro: Cost of Living
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The biggest disadvantage is the potential lack of high paying jobs in your chosen area
Con: Jobs
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Lower cost of living areas tend to have fewer people, which makes everything from shopping to dining out easier
Pro: Less Crowds
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Many people can't move because they have family support in their High COLA area
Con: Family
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State and property taxes are generally lower in these lower cost areas.
Pro: Taxes
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