Job market trends: Why relocating to new city for work no longer worth it

"Older people move less than younger people, and couples where both spouses work move less than couples where only one spouse works," he said.

But the move proved to be expensive. She said she had to pay $1,000 to transport her car, only to see it damaged during the trip — forcing her to get a new one. Her monthly rent of $1,600 before utilities wasn't especially welcoming either. "I took the job because they paid the most, but when I moved to Texas, it was the biggest financial drain on my bank account," she said."I barely even enjoyed the perks of a fat paycheck.

While she was fortunate that her new employer covered most of her relocation expenses — including a temporary stay in corporate housing — she said she found herself losing money elsewhere. In Philadelphia, she said she had a $1,200 monthly mortgage payment for a 3-bedroom home. But in Redmond, she was forced to rent a 2-bedroom home for $2,400 per month.

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