5 Places in World That Will Pay You to Live There

in #money8 years ago

Alaska 

 Since 1976, Alaska has had a permanent fund called provident fund. About 25% of the money that state earns on oil is divided into two funds. The dividends from one of the funds are paid out to people who choose to make Alaska their home for 185 days or more in a year. The amount paid out ranges from 500-2000 dollars every year. A family of four can earn 8000 dollars in a year just by staying in Alaska. Extreme weather conditions of the place have made the government take this decision of paying incentives to residents so that they do not move out of the state to a place with milder weather conditions. 


Niagara Falls

 If you choose to live in the vicinity of the famous waterfalls for two years, you become eligible to receive a rebate of 7000 dollars from your debt, if any. This scheme is useful for students who have opted to take a loan for their studies in the foreign land. To get the benefits of the incentives provided, you need to submit transcripts and two brief essays, no matter whether you are a renter or a home buyer.

 New Haven, Connecticut

New Haven in the U.S. state of Connecticut is a perfect place for a family who wishes to settle down in an unusual land. The city provides a 10,000 dollars assistantship to cover the cost of down payments on the purchase of a new home. And, if you live in there for five years or more, this assistantship gets 100% forgivable. Also, students get free tuition at public colleges who graduate from New Haven public school.


Detroit, Michigan 

Detroit, the biggest city in Michigan, after facing a major crunch in its population and economy, have come up with various incentive programs to lure people back to the city. The programs include financial incentives like 2500 dollar allowance for the first year and 1000 dollars for the second year to the new renters and 20,000 dollar allowance to new home buyers. For renters whose lease is up for renewal, an allowance of 1000 dollars is provided. But, to be eligible for these incentives you have to be an employee of one of the companies located in that area.

 

Kansas

Not the entire state, but a major part of it will pay you to live there. 70% of counties in Kansas are considered World Opportunity Zone. Out of the state's 105 counties, 77 of them provide state income tax waivers for new residents for the first five years that they are living in the county. Almost 91% of counties who offer income tax waivers also offer student loan repayment for up to 15000 dollars. There are few cities in Kansas that are facing an economic crisis. So, they have come up with a free land program. The state will provide you land and cover the cost of building permit as long as you commit building your home within one year and live there for at least a year.


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