By Danica A
•
May 3, 2022
Whether you live in a one-bedroom apartment or a mansion, the thought of moving all your belongings to a new address can be daunting — not to mention the cost to pack and transport them. If you’re considering a move or preparing for one, here’s what you can expect to pay. What’s the average cost of a move? The typical cost to hire professional movers and rent a truck ranges between $868 and $2,383, with the average being roughly $1,624. If you’re hiring a mover for a cross-country trek, however, things get much more expensive, averaging $6,060. Moving the contents of your two-bedroom house 1,000 miles, for example, can cost between $4,000 and $6,000, according to a home remodeling website. Keep in mind that every moving company has its own pricing, and costs are generally based on the size of your home and the distance you’re moving, as well as the weight of your furnishings and whether you’ll need them stored for a time while you relocate. There are always extra expenses, too, like gas and lodging or replacing items damaged during the move. Most people don’t think about moving costs. They don’t think about the transition costs into their new place, such as buying brooms or a lawnmower if they are coming from an apartment to a house. Tax implications of moving Unfortunately, most folks who move won’t be able to take advantage of the moving expenses tax deduction, which was pared down significantly by the Tax Cuts and Jobs Act. The deduction is still available for active-duty service members who’ve been transferred, though. If you’re not sure of your eligibility, the IRS has a helpful tool for determining whether you qualify .