It’s no secret that moving is a pretty big expense. When you factor in moving costs, storage, rent and a security deposit, or a new mortgage, you’re looking at footing a hefty bill. This cost is higher in states where the cost of living and rent are higher than average.
While the New York City area has some of the highest rents in the country, it surprisingly doesn’t top the list of most expensive cities to move to in the Northeast. To help any prospective movers out there planning on moving to the area, we gathered data from 24/7 Wall Street’s “25 Most Expensive Cities to Move” list and broke down the top 5 in the Northeast. This data factors in the median price of one month’s rent plus a security deposit of one month’s rent for a three-bedroom housing unit. It also includes the estimated moving cost within the most populated zip code in the principal city of each metro area.
1. Washington-Arlington-Alexandria, D.C.-VA
The most expensive city to move to in the Northeast is the Washington D.C. area. With an average moving cost of $4,926 and a combined first month’s rent and security deposit of $3,636, this metropolitan area tops the list. With its high rent cost, it’s no surprise that the cost of living here is over 19% greater than the national average.
2. Bridgeport-Stamford-Norwalk, CT
The second most expensive city area is the Bridgeport/Stanford/Norwalk area. The total moving cost here is $4,921 and the total cost for first month’s rent and a security deposit is $3,510. The cost of living is actually more expensive than the D.C. area at 20.1% higher than the national average.
3. New York-Newark-Jersey City, NY-NJ-PA
Although New York is the most expensive city to live in the United States and one of the most expensive cities to live in the world, it is surprisingly not the most expensive city to move to in the Northeast. Instead, it comes in at number three on the list. The average moving cost in the nation’s largest city is $4,631 with a median first month’s rent and security deposit total of just over $3,100. The cost of living here is 21.9% greater than the national average. With a population of 8.3 million, this bustling city has endless housing options, but the hard part is finding the right one at the right price.
4. Boston-Cambridge-Newton, MA-NH
Around 4 hours north of New York City is the number four most expensive area in the Northeast. The Boston/Cambridge Massachusetts area has an average total moving cost of $4,450 with a median first month’s rent and security deposit of $3,144. The cost of living here is less than half that of NYC, coming in at 10.3% greater than the national average.
5. New Haven-Milford, CT
The fifth most expensive area in the Northeast is the New Haven area. With an average total moving cost of $3,868 and a median first month’s rent and security deposit of $2,610, moving here will definitely save you a bit more in comparison to the previously listed cities. The cost of living here is 12.1% greater than national average, giving you a nice break from NYC’s 21.9%.
Moving in the northeast? We can help. Get in touch with American Movers, Inc. here.