ENTREPRENEURS

Dreaming of Relocating? These 7 Cities Will Pay You to Move There 

For months, the coronavirus trapped city dwellers inside tiny apartments and made stepping out the door panic-inducing. Combine that with the growing chorus of companies letting employees work from home permanently and it's no surprise that the media is full of anecdotal accounts of urbanites fleeing expensive cities for cheaper, quieter locales. 

If you're among those dreaming of more space and a lower cost of living, there are plenty of cities (and even states and countries) that would love to have you. And they're not just rolling out the welcome mat and sending the neighbors over with a plate of cookies. They're offering cold hard cash and other incentives to those willing to relocate.

1. Tulsa, Oklahoma 

The median house price in Tulsa is just $175,000 compared with something north of $1.5 million in San Francisco, but the city wants to make itself even more attractive. Its Tulsa Remote program, which began in 2018 and is open for applications, offers a $10,000 bonus and a $1,000 housing stipend to self-employed or remote workers looking to relocate within the next six months. Eligibility requirements and an application are here. 

2. Newton, Iowa 

What Newton lacks in name recognition it makes up for in incentives. The Midwestern city offers newcomers a "welcome package" worth $2,500 and $10,000 cash toward the purchase of any new home worth $160,000 or more. 

3. Lincoln, Kansas 

In a modern twist on the old idea of homesteading, this tiny Kansas city is offering a free lot to those willing to relocate and build a home. Details are here.  

4. The Shoals Area, Alabama

If you're self-employed or full-time remote, make more than $52,000 a year, and prefer Southern heat to prairie living, then check out the Shoals area of northwestern Alabama. The region is offering $10,000 to move there. Applications are open here. 

5. Anywhere in Alaska 

Don't mind crazy cold winters? Then the entire state of Alaska might be an option. As  CNBC points out, "Alaska offers a slew of grant programs and tax incentives to attract people to put down roots in the state. Perhaps most enticingly, permanent residents can qualify for the Permanent Fund Dividend, which cuts each member of the population a check each year. In 2018, permanent residents received $1,600." 

6. Tallinn, Estonia 

Adventurous folks willing to look a little farther afield (and still not scared of long, dark winters) could consider the Baltic country of Estonia. Forbes reports the E.U. member country is offering "digital nomad visas" that allow remote and self-employed workers to live and work in the country for up to a year. While there's no direct cash transfer, there is the pleasant reality that the cost of living is 30 percent less than in the U.S. You may need to wait for the U.S. to get Covid under control to be allowed into Europe, however. 

7. Santiago, Chile 

This one is specific to entrepreneurs. Startup Chile looks to attract entrepreneurs to the South American country by offering equity-free investment up to $80,000 in a startup idea, as well as mentorship and a visa to live and work in the country. Details here. 

While a little extra cash probably isn't enough by itself to persuade you to make a cross country move, if you're already daydreaming about backyard chickens, these programs might be enough to get you on the phone with the movers. But do your research and be aware that only a limited number of incentives are available. 

As newsletter The Hustles notes, "despite the hype, these remote-work programs remain tiny ... At their current size, these programs won't solve the population woes of the localities offering them -- or make big-city expats rich. But considering how much moving companies are making right now, a few extra Gs is nothing to sneeze at."

The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

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