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Corporate Relocation Cost


How Much Does Corporate Relocation Cost?

 
low costCapped: $3,000-$10,000average costAverage: $15,000-$19000

A relocation agency can help sell the old home, find a new home or apartment, locate schools and, in international moves, arrange for necessary documents, visas and language classes. Actual amounts are based on the amount and distance of household goods to be moved.

Typical costs:

  • Full-service relocation of an employee who rents an apartment averages $15,992 for a new hire and about $18,376 for a current employee.
  • The cost to relocate a homeowner, including helping to sell their old home and purchase a new one averages $52,318 for a new hire and $64,235 for a current employee.
Related articles: Office Mover, Local Mover, Long Distance Mover, Auto Transport

What should be included:
  • When relocating an employee who rents an apartment, the full-service price can include the cost to break a lease, rent a new unit, a four-day apartment hunting trip, shipping of household goods, temporary living expenses and a miscellaneous allowance.
  • Homeowners who are relocated may be paid the cost to sell the old house and buy a new one, a six-day home-finding trip, shipping, temporary living expenses and a miscellaneous allowance.
  • Each business determines their own level of benefits based on a variety of factors including budget and competition for a needed employee. Some companies offer a capped rate for relocation benefits of $3,000-$10,000 to cover the basic cost of moving household contents.
Shopping for corporate relocation:
  • To find a local relocation service[1] check Yellow.com and enter "relocation" under category, then select by city and state.
  • Business.com lists companies offering corporate relocation services.
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External Resources:
  1.  www.yellow.com/
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