How Much Does Moving Cost?
Posted on | Categories: Budgeting, Goals, Mortgages, Personal Finances, Savings
If one of your to-dos for 2022 is packing up your house and moving, you may be wondering how much that will end up costing you. While the amount varies greatly depending on how far, how much stuff you have and other factors, this blog will help you come up with an idea of what to expect.
Average Moving Cost
Local move: $1,250
Long distance move: $4,890
Factors Affecting the Cost
The following factors are unique to your specific moving experience, meaning the price you pay varies:
1. Fuel
If you have a long-distance move, gas money is an expense to keep in mind. Not only do you have to drive any vehicles you have to the new home, but you also must pay a per-mile rate if you use a moving truck.
2. Amount of Items
The size of your moving truck will affect how much you pay for it, so if you have more things to move it will be more expensive. If you’re hiring a moving service, it’ll also take them longer to move the boxes out if there’s more stuff.
3. Storage
Sometimes moving gets a bit complicated and you need to store your belongings in a storage unit for a period of time. Storage rates vary as well depending on the place, how much you have to store and how long you store your items for.
Cutting Costs
Now that you know the general costs of moving, it’s time to discuss a few ways you can lower those costs to make your moving experience as cheap as possible:
1. Reach Out for Help
Ask your family members and friends to help with packing and moving if possible. There’s a good chance you’ll get plenty of help at no cost!
2. De-Clutter and Sell Some Items
One of the best ways to make the moving process both cheaper and easier is to go through your things as you pack and make a pile of items you no longer need. Take this extra stuff to a donation center and you’ll clear up lots of space in the moving truck.
3. Find Free Moving Supplies
Rather than going out to buy a bunch of boxes, seek out free supplies from grocery stores, office buildings, schools and other places that may have boxes to get rid of.
Do what you can to be prepared for the moving costs to come as well as to cut costs as much as possible. We wish you the best of luck on your new adventure this year and we hope the moving process goes smoothly!