The Benefits Of Moving When You’re Self-Employed


When you’re self-employed or a gig worker, you must take advantage of the benefits offered to you to help you stay financially stable. Some areas are more friendly than others to those who work non-traditional jobs. If you’re struggling with self-employment, you may want to consider moving to an area where benefits are more abundant. The following are some things to consider if you’re thinking about moving to find a better work environment.


Taxes vary greatly between states and can significantly impact your finances if you’re self-employed. States that require you to pay a state income tax can greatly cut into your profits, which is why many gig workers and self-employed people do well in states without a state income tax. Some states may offer tax breaks and other benefits to the self-employed. Before moving to a new state, be sure you’re aware of the changes in taxation.

Cost of living

There are ups and downs to living in an area with a high cost of living, but when you’re responsible for paying yourself, those downs may be more impactful. Housing, business supplies, gas, and other essentials can cost much more in higher-cost-of-living areas, leaving you with less money to invest back into your business. If you have employees or contractors, you may have to pay them more in an area with a higher cost of living. 

Other things to consider

Some states offer benefits to self-employed individuals as a way to entice new entrepreneurs to the area. These benefits may include health insurance, options for saving for retirement, and incentives for running a business in the state. Lastly, don’t forget to consider the climate of the state when deciding whether it would be conducive to your business.

When you work independently, you have a lot to consider when choosing whether to relocate your business. Some states are much friendlier to the self-employed. This can come in the form of tax benefits, state-sponsored programs, and lower cost of living. Consider all these factors when deciding whether a move is the right decision. 

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