But relocating for a job isn’t a decision to make lightly. On the financial side, consider how your salary, taxes and cost of living (not just housing) in that new city compare to your current locale, LaSpisa said.
Don’t forget to consider nonfinancial factors, like schools, weather and proximity to family. One of LaSpisa’s clients nixed a planned cross-country relocation after finding out his new city didn’t have great health care nearby.
“You never know what’s going to be the deciding factor,” he said.
If you decide to move, start out renting. You’ll be able to make smarter homebuying choices after living in — rather than just visiting — a city, he said. Renting also lets you make a faster exit should you decide that new city isn’t for you.
Based on the LinkedIn-Zillow findings, here’s where finance workers can have more disposable income left after housing costs: