Whether you鈥檙e feeling incredibly excited or completely overwhelmed by the prospect of moving into a new home, there鈥檚 a large number of logistical details you鈥檒l want to nail down in order to ensure things go smoothly. Regardless of where you fall on the emotional scale, preparing for the financial and organizational implications of any move will make the process much more enjoyable.听
In order to do so, you鈥檒l first need to know exactly how much it costs to move. The cost of moving has unfortunately risen in recent years due to inflation, supply chain challenges, and other factors.听
Determining the cost of a move isn鈥檛 as straightforward as it might initially seem. Factors like geography, the size of your move, and how much professional help you want to employ can all increase the cost 鈥 as well as determine the relative difficulty or ease 鈥 of your upcoming move.
Before we dive into the various factors that may end up increasing or decreasing the cost of your upcoming move, let鈥檚 establish the current national average cost. While this amount may end up being significantly higher or lower than what you actually end up paying, it will help you establish a ballpark figure to work with and help guide your decision-making process around how you determine your moving budget.
In 2023, data generated by HomeAdvisor suggests that the average cost for a local move is , while a long-distance move costs on average. However, there are many factors that could skew the actual cost for your specific move 鈥 some of them depend on your personal preferences, while others will be unfortunately outside your control.
To avoid feeling blindsided by your moving costs, it鈥檚 a good idea to carefully think through the different expenses that you鈥檒l face and decide exactly how much you want to spend on each. Creating a budget for your upcoming move gives you an opportunity to determine how much you have to spend.
After you establish a budget, you can create a plan that works for you, rather than spending huge lump sums when you鈥檙e in the thick of it because you鈥檙e too overwhelmed or short on time to find a more cost-effective alternative. Here are the most variable line items you鈥檒l need to consider when determining your moving budget.
While you are hopefully moving of your own accord, it鈥檚 likely that you鈥檝e chosen your destination in order to start a new job, go to school, be closer to family, or seek out other exciting opportunities this new place offers 鈥 not just because it鈥檚 a cheap place to relocate to.
Unfortunately, moving becomes more expensive the farther you go. If you鈥檙e staying within 100 miles, you can expect to pay around $1,700, but long-distance moves can cost anywhere between . Once you know how far you鈥檒l be moving, find a company that covers that area and determine what you鈥檒l be paying 鈥 and how much you should tip.
The volume of belongings you鈥檙e bringing with you also significantly impacts your cost 鈥 for example, if you live in an apartment, you鈥檒l likely pay a lot less than if you鈥檙e moving a three-bedroom home.
When you鈥檙e shopping for moving companies, the most common question you鈥檒l have to answer in order to get a quote is, 鈥淗ow many rooms are being moved?鈥 Based on this number, the company will provide a quote, and you鈥檒l be able to determine whether they鈥檒l be a good mover for your needs. If you want to save money, you can choose to downsize in order to reduce the volume you鈥檙e bringing with you.
Although many people don鈥檛 consider it a significant expense, the cost of moving supplies can eat into your budget. Boxes, tape, bubble wrap and packing peanuts, and moving blankets to protect wooden furniture from scratching are all things you may need to invest in, and in large quantities. Although these may seem like insignificant costs in the grand scheme of things, they can add up if you don鈥檛 account for them in advance.
In order to reduce the cost in this category, seek out opportunities to reuse materials from previous moves or shop for the best price available. With so many things to consider during a move, the main costs you need to worry about are the ones you make at the last minute to solve a pressing need. By planning ahead and pricing out your options, you鈥檒l save serious money during your move.
Regardless of how big or how far your move is, you鈥檒l likely need to hire a moving vehicle of some type. Even if you aren鈥檛 going too far, renting a larger vehicle for a few hours could save you time and gas money you鈥檇 otherwise spend using your personal vehicle. However, the size of the vehicle you need and the period of time you鈥檒l need it for will affect the amount you鈥檒l need to budget.
Moving companies typically recommend a vehicle based on the size of your move. If you鈥檙e moving an apartment, you may only need a small trailer to transport your possessions to your new home. However, if you鈥檙e moving a large home, you could need a 26- or 52-foot truck. Once you determine how much you want to bring with you, you鈥檒l be able to seek out quotes from moving companies and find a vehicle that works for your budget.
This is where you need to determine how much you want to do on your own to save money, or how much you want to outsource to decrease stress. If ease is what you鈥檙e after, you can hire professionals to:
If you hire professionals, you may be able to cut back on the cost of packing materials 鈥 many movers will offer you a deal to include this cost with labor. But if you have lots of fragile or precious goods to move, you may accrue additional packing fees and want to buy insurance to protect your goods during the move.
Of course, there are many benefits to outsourcing heavy labor to professionals 鈥 especially if you have large items or tight stairways to consider. Doing so will significantly increase the financial cost of your move, but it can also save you a lot of time and stress. Just think: by outsourcing packing for your move rather than doing so yourself in the weeks leading up to the big day, you can enjoy access to all your belongings for as long as possible and save yourself a whole lot of time.
At the end of the day, there鈥檚 no way around it 鈥 the process of relocating can be incredibly costly. The good news is, you do have some wiggle room in determining exactly how much it costs to move your life from one location to the next. By carefully planning out your move and determining in advance how much you鈥檙e willing and able to spend in any particular category, you鈥檒l be able to put your money toward the best possible purchases to ensure things go smoothly.
The most costly pitfall faced by individuals in the process of moving are last-minute purchases. Although you can鈥檛 be prepared for every situation you鈥檒l encounter during your move, by thinking through things in advance, you have an opportunity to avoid these costly expenses altogether. With how much it costs to move in 2023, any opportunity you have to save will surely be a welcome one.
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