Average Professional Moving Costs for 2022 (2023)

FAQs

How much does a moving company cost in 2022? ›

The national average cost of moving is about $1,400 with a range from $800 to $2,500. Note, however, that this price range is for a 2-person moving team completing a local move of less than 100 miles. For long-distance moves, the average cost of movers jumps to between $2,200 and $5,700.

The national average cost of a local move is $1,710, though customers could pay anywhere from $911 to $2,514 to move 100 miles or less. The three main factors that affect moving costs are the move distance, the size of the home, and the cost of labor when hiring professional movers.

Moving costs tend to peak in August, researchers say, forecasting that the average cost of a move will reach a new record high in August—averaging $454. However, buyers may find some relief if they can hold off on moving until after summer: Costs are expected to drop to an average of $408 by the end of the year.

Why do moving companies charge so much? Moving companies seem to charge a lot of money because they have a lot of expenses to cover: from labor for packing and loading the moving truck in any circumstance to fuel costs and equipment fees, you can be sure your money is being well spent.

The short answer to this question is that it's cheaper to move on a weekday — Monday, Tuesday, Wednesday or Thursday. Simply put, most moving companies offer better rates during the week because they aren't as busy then.

A typical relocation package usually covers the costs of moving and storing furnishings, household goods, assistance with selling an existing home, costs incurred with house-hunting, temporary housing, and all travel costs by the employee and family to the new location.

A generous relocation package covers all moving expenses and will give employees ample time to find their new home. ARC Relocation can help with various factors associated with relocation. This includes finding movers to assist with your employee's relocation, packing and unpacking services, and vehicle shipping.

2021 saw the most significant increase in moving costs since 2008, and costs are only rising due to inflation. Inflation affects almost every aspect of moving, including gas prices and storage costs, which are steadily rising.

Are moving costs negotiable? ›

Absolutely! The best method for negotiating with your moving company is to get multiple moving estimates from at least 3 reputable companies. Each estimate should include the same list of items to be moved as well as any additional services like special packing or other charges.

It's enough money to get you started, but it'll go quickly. You'll have deposits for electricity and rent, then first and last month's rent for starters. So, plan on maybe $500 deposit on where you plan to live, then the cost of rent times two… maybe $1600+ for the first and last months rent.

Spring and fall are typically the best seasons to move, as summer can be extreme in some parts of the country, while winter can be extreme in other parts. However, summer is the most expensive time to move.

Generally speaking, a good and reasonable salary increase when changing jobs is between 10-20%. The national average is around 14.8%, so don't be afraid to ask for a similar increase. At a minimum, you should expect a wage growth of at least 5.8% when you change positions.

Most long-distance movers charge by weight and mileage, so the cost of your move will depend on how large and heavy your shipment is, as well as the distance between pickup and delivery locations.

In short, no. There is no industry standard for tipping. “Tipping is not required, but greatly appreciated by the movers,” says Hilary Reynolds with All My Sons Moving and Storage.

As a reference, movers make on average $35,000 per year. In addition to movers, you will need a support and administration staff (HR, finance) especially if you create have many employees.

“There has been an unprecedented number of people leaving the state and hardly anyone moving into California. This has created a major logistical problem for moving companies that rely on a balance of inbound and outbound moves to keep their trucks full,” Carrigan explained.

Answer: September–April. If cost is your main concern, the best month to move is between September and April. Late fall to early spring is the moving off-season, meaning demand is lower and moving services are more affordable.

Ideally, two months before your move date. Worse case, at least four weeks, but know that if you only have a month or less before your move, you'll have a limited choice of movers. Most good movers are booked two to three months out.

Can you move a dresser with clothes in it? ›

Even if your dresser is solidly built, you might need to unload it. You should remove and pack separately certain types of belongings. In general, soft things such as clothing, towels, sheets or pillows can remain in the drawers. Just be sure that the drawers aren't overstuffed.

While $5,000 upfront might seem like a generous amount, when you consider everything that goes into the cost of relocating, it may fall short and leave your employees frustrated and paying out of pocket.

Reasonable moving expenses may include the cost of the following: Gas or the mileage on your vehicle. Rental trucks. Short-term storage.

The most common relocation repayment requires repayment in full if termination of employment is within 12 months after relocation or a prorated amount for up to 2 years. If a move is in process when employment ends, unused benefits typically cease immediately.

If the company was going to cover the entire relocation, they'd offer anywhere from $10,000 - $14,999. So if your company is going to offer you a lump sum, you should expect to see somewhere within that range.

What Is Covered in A Lump Sum Relocation Package? Lump sum packages cover a wide range of moving-related expenses during a relocation. These expenses may include temporary living arrangements, home sale and closing costs, lease breaking, and household goods shipment.

“I'm happy to consider relocating if the job's a good fit. If there's also an opportunity to work remotely or out of the office in [current location] I'd love to discuss that as well, as that would work best for my current situation because [reason].”

However, the average cost of moving to another state ranges from $2,500 to $6,500. Long-distance relocations can cost between $1,000 and $9,200, depending on the distance and size of the move, and short, local moves can cost between $700 and $3,000.

Caldwell estimates that the inflation rate will average around 1.5% between 2023 and 2025. “While consensus has largely given up on the 'transitory' story for inflation, we still think most of the sources of today's high inflation will abate, and even unwind in impact, over the next few years,” Caldwell says.

How do you decide if moving is worth it? ›

Most executive relocation packages already cover: The packing and moving of household goods, including vehicles. One or more house-hunting trips. Expenses related to home buying and selling, including closing costs and realtor commissions.

Depends where you live, your personal Life Style and if you have any large debts. Basically you should be able to live comfortably for 5 to 6 months without any extra income on 20K. But if you waste money then maybe you need to learn how to best use it first.

Yes and no. It's enough money to get you started, but it'll go quickly. You'll have deposits for electricity and rent, then first and last month's rent for starters. So, plan on maybe $500 deposit on where you plan to live, then the cost of rent times two…

Enough to pay for three month's rent, utilities, food and transportation. You could manage on $10,000 if you have a steady full time job. If you have a roommate sharing the rent you could manage with less, say $5-$7,000. If you're going to be living in a very high rent area, you'll need more.

Worst Months to Move

The busy-season of moving sits between May 15th through September 15th. With the highest prices of the year, seasonal workers, and companies getting booked up way in advance, it might be a good idea to try and move outside of this time-frame.

So, when is the cheapest time to move? Scheduling your move from late September to April will save you the most money. This window of time avoids peak moving season in the summer as well as the high demand for movers in the fall, up to early September.

It turns out that the best days to move are between Monday and Thursday, despite Tuesdays being the least popular moving day. There is far less demand for movers making it a cinch to schedule your moving day, and taking the day the off work to get it done will pay off in big ways.

The average pay raise is 3%. A good pay raise ranges from 4.5% to 5%, and anything more than that is considered exceptional. Depending on the reasons you cite for a pay raise and the length of time that has passed since your last raise, you could request a raise in the 10% to 20% range.

It's always a good idea to ask for anywhere between 10% to 20% higher than what you're making right now. You may be able to ask for more based on your performance, length of time with the company, and other factors.

How much is a 10k bump in salary? ›

A $10k raise now is worth over $500k, HALF A MILLION DOLLARS, in career earnings if you're working for 30 more years. That figure accounts for inflation, but that's it.

A general rule of thumb for most moving companies is that if a move is over 400 miles, it is considered long-distance. A long-distance move can also be called long-haul moving or interstate moving if you are moving out of one state and into another.

Ordinarily, to estimate the relocation costs, you take the estimated time to complete the move and multiply it by the moving company's hourly rate. Then, add the charge for other things like packing material, travel time, and tips if you work with movers.

The Distance From Moving Average indicator compares the distance between a security's price and its moving average to identify possible reversals. Zero line crossovers can signal a change in trend. Extreme values either above or below the zero line can signal that the security is due for a correction or rally.

First Apartment Costs

Budget $6,000 – $12,000 to rent your first apartment. Some back-of-the-napkin math: Studio / One-Bedroom: $1,800 – $2,200. Two-Bedroom: $2,400 – $4,000.

Ordinarily, to estimate the relocation costs, you take the estimated time to complete the move and multiply it by the moving company's hourly rate. Then, add the charge for other things like packing material, travel time, and tips if you work with movers.

Off-peak times, such as the spring or after the summer holidays, can usually result in cheaper removal costs too.

The lowest rental rates are usually found between October and April, particularly right after the December holiday season. Fewer people are interested in moving—the weather's bad, schools are in session, etc. So individuals renting between the months of December and March typically find the best rental bargains.

Hourly rates for movers in the US typically range between $12 and $20 an hour. The average mover salary is $41,483 in Alaska, $41,139 in Washington, and $39,639 in Montana. These are the three highest-paying states for movers in the US.

What is a good profit margin for a moving company? ›

5 Steps for Success and Profit

Most moving companies only profit about 10% when everything's said a done. Some are higher and some are lower obviously… But 10% is right about average for profit. If you're really good and you do everything that I mention below, you could see your profit reach close to 20%…