If you are considering moving to a cheaper city or town to have an easier, less stressful life style there are some things to take into consideration. Of course moving from NYC to Oklahoma will get you a lot more bang for your buck but will it pay off? will you be happier? Here are somethings to check out before you weigh your options.
Cost of Living
Use a cost of living calculator to determine how much money you will be saving. The calculator will help you compare the cost of food, housing, transportation, health and more. It can also estimate how much money you will make or loose changing jobs.
Put some time into researching the area you are interested in. See what it has to offer in terms of schools, entertainment, parks, restaurants and any recreational activities you and your family enjoy.
Check out the taxes in the area you are considering. States are free to set their own tax rates so this is something to keep in mind.
Also keep in mind that moving away from friends and family will be a difficult choice and may not make you happier. Is the financial savings of moving to a cheaper city worth the strain of moving away from your familiar surroundings, family and friends?