Relocation stipends are a simple, flexible way to help new hires transition smoothly—without the hassle of managing receipts or paperwork. According to Compt, these lump-sum payments give employees the freedom to cover what matters most to them.
Common relocation stipend uses include:
The average cost of an interstate move is around $4,890 based on an average weight of 7,500 pounds (equivalent to a 2-3-bedroom home) and an average distance of 1,000 miles as well as various moving services needed. If these numbers seem high to you, keep in mind that an interstate move tends to be much more expensive than a local move.
Source: Moving.com 2022
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