If someone offered you free money to relocate, would you do it? Believe it or not, there are places that pay you to live there.
It almost sounds too good to be true, doesn’t it?
But places that pay you to move there often have a few good reasons to persuade people to do it.
These locations either have a low or steadily declining population, and an influx of outsiders can help boost their numbers to revive their communities and attract outside investments and businesses as well as government funding.
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So if you’re looking to make a change, and starting a new life somewhere else seems appealing, why not go someplace that really, really, really wants you to move there?
In today’s article, I list down 8 places that pay you to move there, as well as what incentives and requirements they expect from those who want to move there.
8 Places That Pay You To Live There
Alaskans have probably been asked this question at least once in their life:
“Do you get paid to live in Alaska?”
Alaska has been paying each of its citizens (yup, every man, woman, and child) a Permanent Fund Dividend (PFD) since 1982.
This dividend comes from a portion of the state’s oil royalties invested in a permanent fund.
The actual payout varies as it is based on the number of eligible applicants and the level of income over the past five years.
For example, the PFD for 2018 was $1,600 while the PFD for 2017 was $1,100.
The basic requirements to be eligible for a PFD for the current year include being a resident for the entire previous year, intending to remain an Alaskan resident indefinitely, and having no felony convictions.
Incentive: Cash; amount varies
More information about eligibility requirements and the application process: Alaska Department of Revenue, Permanent Fund Dividend Division
In a nutshell: Vermont wants you to move there and work from home for an employer that’s not from Vermont.
Confused? Let me explain.
Approved in January 2019, Vermont’s Remote Worker Grant Program aims to pay 100 people up to $10,000 to move to Vermont in 2019 (and 20 people per year afterward).
To be eligible for the grant, one has to be a Vermont resident employed full time by a business outside of Vermont.
Expenses and fees for relocation, membership to a coworking space, computer software or hardware, and broadband access or upgrade are reimbursable up to $5,000 a year for up to two years.
The bill aims to encourage existing Vermont residents who are part of the remote workforce to stay in the state, and to draw outsiders who wouldn’t otherwise move to Vermont because their jobs tied them down.
Plus, Vermont isn’t a bad place to get paid to live.
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It has the perfect combination of visual appeal, food culture, and outdoor activities.
Incentive: Cash, up to $5,000 a year for two years; reimbursement basis
More information about eligibility requirements and the application process: Vermont Department of Economic Development: Remote Worker Grant Program
3. Tulsa, Oklahoma
Tulsa Remote is similar to Vermont’s Remote Worker Grant Program in that it pays remote workers to live in Tulsa.
To be eligible for this program, you’ll need to be 18+ years old, eligible to work in the US, with full-time remote employment or self-employment outside of Tulsa County, and willing to move to Tulsa within 6 months.
The only downside is that 2019 applications are now closed, but you can subscribe to their newsletter and get notified when 2020 applications open. On the plus side, though, you have enough time to decide if moving is right for you.
Incentive: Cash upfront ($10,000); membership to a coworking space (worth $1,800)
More information about eligibility requirements and the application process: Tulsa Remote
4. Hamilton, Ohio
Student loans are a pain in the butt.
But if you have more than $10,000 in student loan debt, and you’re willing to move to Hamilton, Ohio, you may be in luck.
The Talent Attraction Program (TAP) Scholarship is known as a “reverse scholarship” because it targets those who have already graduated from college and need help with paying off their student loans.
Eligible candidates must have graduated within the last 7 years from a STEAM program (Science, Technology, Engineering, the Arts, or Mathematics), not be currently living in targeted urban core areas in Hamilton at the time of application, demonstrate current employment within the City of Hamilton or Butler County, and intend to give back to the community.
If you get through the application process, you can receive up to $10,000, paid out over 30 months or 2.5 years (around $300 per month).
The catch is if you cease to be employed or move out of Hamilton before the 30 months are up, you can’t get any more payments.
Incentive: Cash, paid monthly over 30 months ($10,000)
More information about eligibility requirements and the application process: Hamilton Community Foundation, Talent Attraction Program Scholarship
Another place that will pay you to live there is the state of Maine.
As their population is aging, they need to convince new college graduates to stay in Maine.
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One of the ways they do that is to offer to help pay their student loans.
Since 2008, Opportunity Maine has reimbursed student loan payments for college graduates residing and working in Maine.
Up until recently, however, this has been limited to college graduates who studied in Maine and earned their degree after 2008.
Now, if you’ve earned your Bachelors or Associates degree after 2015 from any accredited school in the US (i.e., even those outside of Maine), you can now apply to take advantage of this debt assistance in the form of tax credits.
You’re eligible to apply if you’re a Maine resident for the tax year that you’re applying to, you work in Maine regardless of where your employer is located (that is, you pay taxes in Maine), and you didn’t work outside Maine for more than three months.
If you’re qualified, the amount of money you’re paying your student loans annually is subtracted from your state income taxes.
For example, if you pay $1,500 in student loans but you owe the state $2,000 in taxes, then you just pay Maine $500 at tax time.
Incentive: Tax credits; amount varies depending on the amount of student loans and type of degree earned
More information about eligibility requirements and the application process: Opportunity Maine
6. Albinen, Switzerland
Ever been stuck on a harrowing commute to work and thought to yourself, “That’s it! I’m moving to the mountains where it’s pretty and quiet and relaxing!”
Well, maybe you can actually do it and get paid for your trouble.
The village of Albinen in the Swiss Alps is another place willing to pay people to live there.
They’re offering 25,000 Swiss francs (equivalent to $25,000) per adult and 10,000 Swiss francs (equivalent to $10,000) per child to live in the village.
This offer has strict conditions though; only those who have Swiss passports or foreigners with C residence permits may apply.
Aside from that, you need to commit to living there for at least 10 years, be aged below 45, buy residential property worth at least 200,000 Swiss francs, and have that property be a permanent residence (not a secondary one).
The village population is currently less than 300 residents, so there aren’t a lot of jobs and the local school closed down.
But if you don’t mind commuting to a nearby town to work or study, or doing these remotely, living in this vacation town might be a good plan.
The local government aims to bring in around five to ten families, so slots are very limited. If you’re interested, do your research and apply as soon as you can.
Incentive: Cash; $25,000 per adult, $10,000 per child
More information about eligibility requirements and the application process: There’s hardly any detail in the Albinen website, so you’d be better off calling or emailing them directly using the contact details found on the site.
7. Candela, Italy
If you’d like somewhere a little warmer than the Swiss Alps, why not consider sunny Italy?
Candela, located in the Puglia region in Italy, used to be called “Little Naples” because of its bustling, animated streets. Now, there are less than 3,000 residents.
A few years ago, the mayor introduced a plan to revive the town by offering to pay people to move to their town: €800 to singles, €1,200 to couples, €1,500 to €1,800 for three-member families, and €2,000 for families of four to five people.
To be eligible, you’ll need to be a resident of Candela, rent a house for at least one year, and have a job with a salary of at least €7,500.
Incentive: Cash; amount varies
More information about eligibility requirements and the application process: There isn’t a dedicated website for this program, so inquire at the Italian embassy nearest you for information.
8. Antikythera, Greece
Beaches, azure skies, and seas with crystal clear water more your style?
The tiny, isolated island of Antikythera, Greece, has a more serious population problem than any of the other places on this list. As of 2018, there are only 24 permanent residents, most of whom are over the age of 70.
To address this, the local government program is offering new residents a house, a plot of land, and a monthly stipend of €500 for the first three years.
The selection process is stringent, the waiting time long, and they prioritize Greek citizens, but the chance to live in a beautiful, remote, historical island may well be worth the wait.
Incentive: Cash (€500 monthly); housing; land
More information about eligibility requirements and the application process: Repopulation Project of Antikythira: The website looks new and under construction, but chances are this will be the first website to be updated with any news and details on how to apply to live in Antikythera.
Would you move to a place that paid you to live there?
Moving can be trying and costly, but choosing one of these places that pay you to live there can help ease the transition.
More than getting paid to move, you need to consider whether it will make sense for you (and your family, if you have one) to move.
If you could live and work anywhere and still do your job, wouldn’t you want to live in a place that offers a respite from the hustle and bustle of a large urban city?
Would you move to any of the places I named above? Or have you been paid to move to another state or city? Share your opinions or experiences in the comments!