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