2020 was a tough year that forced many Americans to spend more time in their homes than ever before. Some people made the best of it and found their new oasis at home while others got the itch to get out of their current home and move somewhere entirely new.
If you’re one of those people who are itching to get out of your current hometown, do you know where you want to go?
If you don’t have a specific place in mind, you should know some American cities are willing to give you lucrative incentives for you to move to their town and become a resident.
Here are two different cities and a state that are willing to provide you with incentives to move within their borders.
Morgantown, West Virginia
Do you currently work remotely? Do you enjoy the outdoors? Then Morgantown, West Virginia is the town for you. The Ascend WV group is recruiting remote workers to move to this mountain community of just over 137,000 people.
Why would you want to move to this little town in West Virginia? Quite frankly you would want to move there because Ascend WV will pay you $12,000 to move there. That’s right, if you’re chosen to participate in the program, Ascend WV will give you $10,000 over the course of your first 12 months to live in Morgantown. If you live 24 months in Morgantown, you’ll receive an extra $2,000 to equal the $12,000.
Ascend WV will also provide you with a free outdoor recreation package for one year, which is worth $2,500. Ascend WV is able to do this thanks to a generous $25 million gift from the founders of West Virginia University Outdoor Economic Development Collaborative. If you’re also looking for a big city vibe occasionally, Morgantown is only one hour away from Pittsburgh, PA.
If your application is chosen for the program and you choose to participate, it’s up to you to find a place to live, but Ascend WV will provide you with a team of community leaders and real estate professionals to help you find a residence. Ascend WV will also help anyone else you’re moving with in your household find a place to work. West Virginia has ample jobs available in fields like technology, advanced manufacturing, aerospace, healthcare, education and tourism.
West Virginia is a very affordable place to live as well. The income tax rates are between 3% and 6.50% and the median home costs are nearly $135,000 lower than the national average.
The city of Tulsa, Oklahoma is searching for remote workers to move to its city limits thanks to the program Tulsa Remote. Tulsa Remote will give eligible participants $10,000 to move to the city.
Typically, the $10,000 wouldn’t all be given to recipients at one time. You would receive some of the money up front to help you find housing and for other relocation expenses. Some of the money would also be given to you as a monthly stipend. Once you’re settled, you’ll receive the rest of the $10,000 at the end of your first year. The program also gives you free desk space in downtown Tulsa if you’re looking for a working space and are interested in collaborating with other remote workers and/or entrepreneurs.
To be eligible for the program, you must be:
- A full-time remote employee or self-employed individual outside of Oklahoma,
- 18+ years old,
- Eligible to work in America, and
- Able to move to Tulsa within the 2021 calendar year.
Tulsa has a population of 766,000, put despite the size of the town, it has a small-town feel. In fact, the Tulsa Remote program welcomed over 375 new members into that population in 2020 alone.
Tulsa is also a very affordable place to live. Its median home price is just over $157,000, which is 43% below the national average. The city also boasts a high-quality fine arts culture in its downtown area with its famous professional opera and ballet companies, architecture and art museums.
The state of Maine and its 3,500 miles of coastline wants you to become a lifelong resident if you’re not already. The Maine Revenue Services offers The Opportunity Maine Tax Credit to eligible post-2008 college graduates to settle in the state and work there. The tax credit you can receive from Maine is up to $15,660.
The criteria varies for eligible individuals that graduated from 2008 to 2015, but for those individuals who graduated in 2016 and later, the criteria is as follows:
- Be a Maine resident for the tax year.
- This is regardless of where your employer is located and you can still apply if you’re self-employed, deployed for military service or are at least employed part-time on a vessel at sea.
- You did not work outside of Maine for more than three months of the tax year.
- You earned a bachelor’s or associate degree after 2007 and before 2016 from a Maine school OR
- You earned a bachelor’s or associate degree after 2015 from any accredited school in America OR
- You earned a graduate degree from a Maine school after 2015.
If you or someone you know if getting ready to make a college selection, you may want to consider attending a Maine school to be eligible for this lucrative tax credit. The tax credits also vary based on the type of degree a graduate earns.
If you earned an associate degree, no matter what your major was, you can be eligible for a refundable tax credit. The credit will be applied to your Maine state taxes and if there is any money left over from covering your taxes, Maine will cut you a check for the remaining balance.
If you earned a STEM bachelor’s degree, you can be eligible for a refundable tax credit. Once again, the credit will be applied to your Maine state taxes and you’ll receive a check from the state with the remaining balance if there is one. For the record, STEM is an acronym for science, technology, engineering and math.
If you earned a non-STEM bachelor’s degree, you can be eligible to receive tax credits to offset any individual income taxes you owe the state. If your tax credits are more than what you owe the state, you can use the balance to pay your income taxes over the following 10 tax years as well.
If you earned a graduate degree at a Maine school, you can be eligible to receive tax credits to offset any individual income taxes you owe the state. Once again, if the credits are more than you owe, you can use the balance to pay off your income taxes in the next 10 tax years.
To apply to receive these incentives, you must complete the official Maine Educational Opportunity Tax Credit Worksheet when you file your Maine income tax return.
If you’re on the fence about making the move to Maine for college so you can cash in on these tax credits, there’s also many other incredible reasons to move to Maine, including amazing things such as the state having the highest percentage of “A-grade” hospitals in the nation, the state having the third highest rate of adults with a high school education or better, being the fifth safest state to live in and even being a top state for women-owned businesses.
If you’re looking to change up your scenery and your hometown, these three places could be great locations to move so you can begin life on a fresh, new page.