8 Places That Will Pay You to Live There

Rivan V. Stinson, Staff Writer, Kiplinger's Personal Finance

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Places such as New York City, Boston, Washington, D.C. (all among our list of the Most Expensive U.S. Cities to Live in) and other large cities are popular destinations for young professionals. And for good reason: Better job prospects there generally outweigh the high cost of living.

How much would it take for smaller, more rural destinations to balance the equation? What if, as a remote worker capable of serving your out-of-state employer from afar, an abundance of open jobs where you live wasn't such a concern? We found seven places across the U.S., plus one in Canada, that are using creative incentives -- from down payments on homes to student-loan reimbursements and more -- to attract and keep residents and workers.

Take a look at eight places that will pay you to live there. Would you take the deal?

SEE ALSO: 25 Cheapest U.S. Cities to Live In

Harmony, Minn.

Incentive: Cash rebate for new-home construction

In 2014, the leaders of this town of roughly 1,000 in southern Minnesota, which bills itself as a "nice place to visit, even better place to live," recognized that Harmony had a problem. The owner of one of the community's major employers, Harmony Enterprises, told them that his new employees with young families had complained about the lack of move-in-ready homes. So that spring, the Harmony Economic Development Authority launched a home construction rebate program.

The program offers as much as $12,000 to those who build a new home on a vacant lot in Harmony. The rebate is tied to the final estimated market value of the new home. Applicants aren't restricted by income. City officials review the program annually to determine if it's worth continuing.

SEE ALSO: 12 Cheapest Small Towns in America

St. Clair County, Mich.

Incentive: Student loan reimbursement

Sitting on the St. Clair River, about two hours outside of Detroit, St. Clair County is luring graduates back to its shores thanks to its community foundation scholarship. Dubbed the Come Home Award, the scholarship grants up to $15,000 to help pay off student-loan debt. To qualify, an applicant must have received an associate, bachelor's or graduate degree in a STEAM (science, technology, engineering, arts and math) field within the last 10 years, still carry student-loan debt and plan to live and work in St. Clair County. Those already living in the county or in the process of moving back on their own don't qualify for the award.

The county's plans are paying off. According to recent U.S. Census Bureau data, St. Clair County had the highest net migration of college-educated people in the state of Michigan, with a 1.6% gain. Randy Maiers, president of the Community Foundation of St. Clair County, reports an uptick in applicants from other parts of the U.S. (thanks to lists such as these?), though strong preference is given to those with family ties in the area. Applications are accepted year-round.

SEE ALSO: 20 Most Expensive U.S. Cities to Live In

Tulsa, Okla.

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Incentives: Cash for relocation and housing expenses, co-working space

Home to the acoustic phenomena known as the "center of the universe," and known in history books for being the former home to Black Wall Street, Tulsa is also attracting fresh talent -- but with a slight twist. The city is targeting remote workers via a new program that launched in November 2018.

To qualify for Tulsa Remote, you must be at least 18 years old, self-employed or work remotely full-time outside of Tulsa County, and can move to Tulsa within six months of approval. If selected, applicants receive $11,000 to cover moving and housing expenses over the course of a year, plus a dedicated coworking space in downtown Tulsa to get your work done.

SEE ALSO: 15 Things Home Buyers Will Hate About Your House

Grant County, Ind.

Incentive: Down payment assistance

Located in north central Indiana, Grant County is home to 65,936 people spread across 10 cities. Like many Midwestern counties, Grant's population has been declining over the past 20 years; to combat that trend, Grant's Got Talent (formerly known as Grant for Grads) was born.

The program offers $2,500 toward the purchase of a home in Grant County. If an employer matches the county's original $2,500, the county will boost its original grant to $5,000 for a total of $7,500 toward a down payment. Similar to other programs, current residents don't qualify for the grant, and applicants must have at least an associate degree. They must also apply for the incentive prior to beginning their new full-time gig within the county.

SEE ALSO: 10 Reasons You'll Regret Buying a Home With a Swimming Pool

Hamilton, Ohio

Incentive: Cash

Hamilton, located roughly 35 miles north of Cincinnati and 40 miles southwest of Dayton, lures newcomers with its all-cash Talent Attraction Program Scholarship. Funded by the Hamilton Community Foundation, the scholarship offers up to $10,000 spread out over two-and-a-half years. Similar to St. Clair County's award, preference is given to applicants who graduated with a STEAM degree within the past seven years and plan to become involved with the Hamilton community. The foundation also designates which areas applicants must be willing to move to. Applications are reviewed as needed on a monthly or quarterly basis.

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Incentives: Student loan reimbursement, reduced income taxes

It may be time to move back to Kansas, Dorothy. The Sunflower State, home to roughly 2.9 million people, is attracting college grads by offering student-loan repayments.

The state's Rural Opportunity Zone program spans 77 counties across the state and offers new residents up to $15,000 (spread over five years) toward loan payments. To qualify, you must have received your degree before moving to a ROZ county, have an outstanding loan balance in your name and more. The program also waives Kansas state income taxes, which range from 3.1% to 5.7%, for five years.

Among other requirements to get the tax waiver, you must have lived outside of Kansas for five or more years prior to moving to a ROZ county.

SEE ALSO: 11 States Most Unprepared for the Next Recession


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Incentive: Moving reimbursement for remote workers

Recently approved, Vermont's grant program entices remote workers to put down roots. The program started accepting applications in January 2019.

The grant pays workers up to $5,000 for moving costs. If you receive a grant, keeping documentation is important. You will have to show how much your total move cost. You'll have to work for a company outside of Vermont and work mostly from a home office or coworking space. The Vermont legislature is already considering expanding the award to up to $7,500 in qualified moving expenses.

SEE ALSO: 50 Great Places to Retire in the U.S.

Saskatchewan, Canada

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Incentive: Student loan non-refundable tax credit

The Saskatchewan province, which shares a border with Montana and North Dakota, offers a tax credit for those willing to move there from other parts of Canada or other countries.

Worth up to 20,000 Canadian dollars (or slightly less than $15,000 in U.S. dollars), the income tax credit is paid out over seven years and is tied to how much tuition you actually paid for your undergraduate education. To qualify, you need to apply within seven years of graduation. The deadline for 2012 graduates just closed at the end of April.

SEE ALSO: 25 Small Towns Where Millionaires Live


Copyright 2019 The Kiplinger Washington Editors