Should you move to a new city? Monthly savings comparison, moving cost payback period and a clear financial verdict for your relocation.
Relocating cities is a major financial decision. The financial case for relocation depends on three factors: salary change, cost of living change and the one-time moving cost. A move that lowers your cost of living more than it lowers your salary is financially superior — even if it looks like a "lower salary".
Calculate monthly savings at both locations: (new salary - new city costs) vs (current salary - current city costs). If new savings > current savings, move. Also check: payback period of moving costs = moving cost ÷ monthly savings gain. Under 12 months = strong case to move.
Often yes. If living costs drop by 40% but salary drops by 20%, you save more money in the Tier-2 city. Many remote workers earn metro salaries while living in Tier-2 cities — this is financially optimal in most cases.