Open The Door To Opportunity: 7 Places That Will Pay You To Live There
Big cities such as Boston, New York City, and Washington, D.C. are usually big draws for young professionals, given that they typically offer an abundance of better job prospects that potentially outweigh the high cost of living. But there are other U.S. locales that offer creative financial incentives to attract new residents and keep existing ones, all of which could mean living the dream without the nightmare of high costs.
1. St. Clair County, Michigan
Incentive: Student Loan Reimbursement
The Come Home Award scholarship grants up to $15,000 to help pay off student-loan debt. To qualify, you must have received an associate, bachelor’s, or graduate degree in a STEAM (science, technology, engineering, arts, and math) field within the last 10 years.
2. Grant County, Indiana
Incentive: Home Down Payment Assistance
With its Grant’s Got Talent program, Grant County offers $2,500 toward the purchase of a home within the county limits. If an employer matches the county’s original $2,500, the county will increase its original grant to $5,000 for a total of $7,500 toward a house down payment. Applicants must have at least an associate degree.
Incentives: Student Loan Reimbursement, Reduced Income Taxes
You can live a good life in Kansas, thanks to the state’s Rural Opportunity Zone program that spans 77 counties across the state. New residents can receive up to $15,000 (dispersed over five years) toward loan payments. The program also waives Kansas state income taxes.
Incentive: Moving reimbursement for remote workers
Yes, saving some green is possible in the Green Mountain State. Vermont’s grant program encourages remote workers to put down roots by paying workers up to $5,000 for moving costs.
5. Hamilton, Ohio
The all-cash Talent Attraction Program Scholarship offers up to $10,000 spread out over two-and-a-half years. Preference is given to applicants who received a STEAM degree within the past seven years and who have plans to become involved with the surrounding Hamilton community.
6. Tulsa, Oklahoma
Incentive: Cash for housing and relocation expenses, co-working space
Targeting remote workers, the Tulsa Remote program offers selected applicants $11,000 to cover moving and housing expenses over the course of a year as well as dedicated co-working space in downtown Tulsa. Applicants must be 18 years old, self-employed or work remotely outside of Tulsa County, and can move to Tulsa within six months following grant approval.
7. Harmony, Minnesota
Incentive: Cash rebate for new-home construction
Talk about a window to savings: A home construction rebate program offers as much as $12,000 to individuals building a new home on a vacant lot in Harmony. Applicants aren’t restricted by income and the rebate is tied to the final estimated market value of the new home.