Work From Anywhere In San Franciscans Prompted By SF Chronicle To Take “$ 20,000” Offered By “Small Towns” And Move There To Escape High Housing Costs
Here are the cities that offer the biggest incentives for remote workers who move. I am in favor of Tulsa, which has succeeded in attracting hundreds of “aliens”.
By Wolf Richter for WOLF STREET.
It’s a mix of hilarious and curious that this theme is now being promoted in the Chronicle of San Francisco, the theme being that a number of cities across the country are offering cash payments and / or other incentives, with a combined value of up to $ 20,000, to people with full-time jobs, from n ‘ no matter where, who move and bring their income with them.
It’s hilarious and weird because San Francisco is the epicenter, so to speak, of stifling housing costs, the shift to working from home, and the Techsodus where companies are leaving, putting their vacant offices in the sub-market. location, triggering a historic glut. office space in San Francisco, and head to cheaper pastures (screenshot SF Chronicle).
Now the San Francisco Chronicle tells those who stay asleep that there is a lot going for them, that they can escape the stifling housing costs, if they just take their high incomes in San Francisco and move to these cities. at low price. and get paid to make the move. Some pretty towns too.
It’s also funny that the Chronicle calls these places “small towns”. While some of them are decidedly small towns, like a few contenders in Iowa, each with less than 3,000 souls, others are not, like Tulsa – the grandfather of this promotion, which started. in 2018 – with a city population of 400,000 and a metropolitan population of 766,000. I used to live here. It’s hilly, and the Arkansas River and river parks meander along the edge. And it is definitely not a “small town”.
Among the cities that offer incentives and should complain about the nickname “small town” is Baltimore. But his incentive is not cash with no strings attached, but $ 5,000 in the form of a rebate loan for the down payment on a home purchase.
Therefore the Chronicle of San Francisco reports:
“Small towns in America have a message for the new generation of remote workers: we’ll pay you to move here.
“From Maine to Michigan, communities are offering incentives of up to $ 20,000 in cash and benefits for out-of-state people who move and stay at least a year, while continuing their existing jobs remotely. Besides the money, the main draws are the lifestyle amenities – slower pace, affordable housing, less traffic, access to nature, tight-knit communities.
The idea is that people bring their big income from San Francisco with them, and spend that income in their new city on a low cost, go out and splurge and form a household and have babies and circulate their income. raised and get them. cities that were badly needed for growth.
There are currently 38 cities offering cash and / or other incentives, ranging from $ 20,000 to next to nothing, to attract people with full-time remote jobs, according to MakeMyMove. Be sure to read the fine print before deciding to relocate from San Francisco to Northwest Arkansas – which includes the cities of Fayetteville, Springdale, Rogers, Bentonville (Walmart headquarters), Benton and others. .
Here are the cities with the highest ‘total incentive value’, which in some cities does not include cash but is limited to tax credits, housing assistance, forgiveness loans. down payments, etc. If your smartphone cuts the six table columns on the right, keep your device in a landscape position (data via MakeMyMove and from the program’s websites):
|City||state||Pop||Median housing price||Cash incentive||Total incentive value|
|Morgantown||WV||137,000||$ 198,000||$ 12,000||$ 20,000|
|South West||MID||10K||$ 200,000||$ 15,000||$ 20,000|
|Augusta||ME||19K||$ 270,000||$ 15,600|
|Montpellier||Vermont||7K||$ 273,000||$ 10,000||$ 15,000|
|Newton||AI||15,000||$ 108,000||$ 10,000||$ 12,500|
|Harmony||MN||1K||$ 161,000||$ 12,000||$ 12,000|
|Topeka||KS||125,000||$ 131,000||$ 10,000||$ 11,000|
|Tulsa||Okay||766,000||$ 138,000||$ 10,000||$ 11,000|
|Northwest Arkansas||AR||206K||$ 229,000||$ 10,000||$ 10,750|
|Bloomfield||AI||3K||$ 148,000||$ 10,000|
|The shoals||AL||72,000||$ 165,000||$ 10,000||$ 10,000|
|Britt||AI||2K||$ 93,000||$ 10,000|
|Ontario||OR||11K||$ 169,000||$ 10,000|
|Natchez||MRS||15,000||$ 90,000||$ 2,500||$ 8,500|
|West Lafayette||IN||55,000||$ 252,000||$ 5,000|
|Baltimore||MARYLAND||2,325,000||$ 162,000||$ 5,000|
|Bemidji||MN||16,000||$ 155,000||$ 2,500||$ 4000|
There is a reason why these places offer incentives to get people with big incomes to work from anywhere to move there.
Tulsa experienced phenomenal oil booms in the 20th century, when oil wealth flowed knee-deep in the streets. But it all ended with the oil crisis of the 1980s, when oil companies packed their bags and moved to Houston. No more high paying jobs. A long depression ensued. But working anywhere is Tulsa’s moment. They certainly make it attractive.
Tulsa – whose rents are 98th in the top 100 rental markets with a median asking rent of $ 630 for a bedroom – started this in 2018. It has put together a website, Tulsa remote control, and promoted it to the media, and eventually during the pandemic, when working anywhere became standard operating procedure, they got some traction with their deal.
This is for people with full-time jobs anywhere who are tired of trying to buy a $ 1.5 million starter house in San Francisco or pay $ 2,500 in rent for an apartment. basic.
The program pays $ 10,000 in cash up front, which eliminates some risk of the move. This can also be applied to a down payment on a home (the median price of a home is $ 146,000 in Tulsa, according to Zillow). In San Francisco, the total house price in Tulsa of $ 146,000 might not even be enough for a 10% down payment. They also offer all kinds of other incentives.
The number of movers is not huge. Tulsa remote control ad on April 22, it had 135 “remote people” from California, 95 remote people from Texas, 62 from New York, 39 from Colorado, and 24 from Florida, among others. So in fact, the majority are not from California.
And given California’s population of nearly 40 million, the 153 people who work from anywhere who have moved to Tulsa aren’t making a huge dent in California. But if it gains momentum, it could make a difference for Tulsa.
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