What factors prevent individuals with low income living in major cities or other high-cost areas from relocating to more affordable regions?

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Yes, i’m aware it might be a stupid question. But i’ve been wondering this for years and just never searched it up or asked.

In: Economics

8 Answers

Anonymous 0 Comments

When you don’t have money everything costs more. you want to move to save money, great idea. You need essentially three months worth of rent as cash to get a place because you have a low credit score. You have to pay the first month up front, the last month up front and a security deposit of typically one month’s rent.

You also need money to pay for all of your expenses while you wait for your first paycheck to come in. With pay every other week. You might wait as much as three weeks for your first check.

You move to a rural area, now you need a vehicle and insurance. The cost of car insurance is based on your credit rating, not in your driving habits.

There are huge impediments to moving and in the end, you might actually have less disposable income because wages tend to be lower in rural areas.

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