Places That’ll Pay You to Live There

21-Mar-2018

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People are moving to bigger cities, making the situation even worse. Like in a vicious cycle, the market value of houses is only going up and fewer jobs are available. That leaves smaller towns at disadvantage and at risk of slowly disappearing. Locals in some places are not staying idle. They are coming up with creative ways to get former residents back or to welcome new ones.

Chile

The government launched a program, Start-up Chile, which provides up to CL$60 million ($90,000) in equity free funding across their programs and over $100,000 of perks as a participant. The country is looking to become the business hub of South America.

Detroit, Michigan

Detroit has been in a lot of trouble over the last several years. The city even filed for Chapter 9 bankruptcy in 2013. Many residents have left; some neighborhoods have been abandoned. But, as you know, when one door closes another one opens. Local official created an opportunity with the Challenge Detroit program. It encourages new career seekers and entrepreneurs to move to Detroit by paying them to live, work, play, give, and lead in and around the greater Detroit area for one year.

Maatsuyker Island, Tasmania, Australia

Work and housing are offered to people willing to move so far away—off the coast of Tasmania. The job is to take care of and live in the lighthouse and maintain the land and housing on the 460-acre isle. Observing the sea and swell conditions are also part of the responsibilities. The weather on the island is windy all the time and it’s cold for the most part.

Harmony, Minnesota

The money people are paid comes in the form of cash rebate for new home construction. This small town has a population or just about 1,000 people. The Harmony Economic Development Authority (EDA) offers a cash rebate between $5,000 and $12,000 to people who build a home. Rebate amounts will be based on the final estimated market value of the new house.

Alaska

Considering Alaska’s reputation of very cold and dark winters, periods during which the sun doesn’t set and lots of barren land, it’s no surprise that local officials have resorted to paying people to move there. Newcomers can take advantage of the Alaska Permanent Fund, which takes money earned from the state’s oil reserves to give back to the community. Alaskans get almost $2,000.

Kaitangata, New Zealand

A town, no matter how small, with a population of about 750 will definitely want to attract more newcomers permanently. People won’t get cash but will get other financial benefits. They comes in the form of a home and land that are together worth no more than NZ$230,000. Jobs are also readily available, guaranteed. More than 1,000 need to be filled.

Pitcairn Island, South Pacific

The island is one of the most remote on Earth. About 60 people live there and they want more company. Newcomers will get land, totally free. You show up and you get the land. In 2015 only one person made the most of the opportunity. Probably because living there will be like being cast away. There is only one store and you’ll have to order anything you need from the mainland, which is 3,000 miles away, every three months.

Niagara Falls, New York

This is a popular place with tourists but not so much with people who are looking for a permanent home. One way the city is trying to make folks reconsider is by giving those with student loans about $7,000 to pay it off if they live in Niagara Falls for two years. You’ll have to live in a specific neighborhood though.

Baltimore, Maryland

Baltimore has been losing local residents to more prosperous cities for decades. It’s trying to win people back with the Buying Into Baltimore program. People get $5,000 toward the purchase of a home in the city. Every year, there are two events: A spring/summer event and a fall/winter event. Another incentive is the Vacants to Value. It gives people up to $10,000 to purchase a formerly vacant, renovated house.

Mishima Village, Japan

The village has come up with a very intriguing way of luring people there. Locals are targeting single people, who will get paid to go on dates. Japanese citizens will get 100,000 yen as moving expenses, as well as some money every month for the first three years of residence. If you have a child while there, you won’t have to worry about giving birth and education expenses. Everyone also gets a free cow.

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