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What if you could cut your living costs in half while improving your quality of life? Sounds impossible, right? But it’s not—it’s called geographic arbitrage, and it’s a powerful strategy to help you save more, invest smarter, and build wealth faster. In this episode of The Next Level Income Show, we explore how moving to a lower-cost, high-growth area can accelerate your path to financial freedom.
Over the last few years, there has been a major migration shift as people realize they don’t need to live in high-cost cities like San Francisco, New York, or Chicago. Instead, they’re relocating to states with lower taxes, more affordable real estate, and stronger job markets. According to U-Haul’s 2024 Growth Index, the top five states for inbound migration are South Carolina, Texas, North Carolina, Florida, and Tennessee. These areas offer a winning combination of affordability, job opportunities, and economic growth—making them ideal not just for living, but also for real estate investing.
One of the biggest benefits of relocating to a lower-cost area is that it makes saving and investing much easier. If you can save 50% of your after-tax income and invest it at 12-15% annual returns, you could replace your active income with passive income in just seven years. For example, if you’re earning $200,000 after taxes and saving $100,000 per year, your investments could double every five to six years, helping you reach financial independence much faster than someone struggling with high living expenses in an expensive city.
If you’re considering a move, there are a few key factors to keep in mind. Look for areas with strong population growth, since more demand usually means a stronger economy and rising real estate values. Pay attention to state fiscal health—states with stable finances are less likely to raise taxes unexpectedly. Quality of life is also important; a great climate, good healthcare, and recreational activities can make a big difference in your daily happiness. And of course, compare the cost of living in different areas to see where you can get the most value for your money.
At the end of the day, geographic arbitrage is one of the most powerful ways to take control of your financial future. If you’re looking for a way to save more, invest smarter, and build wealth faster, moving to a lower-cost area might be the best decision you ever make. Want to learn more? Get a FREE copy of my book at NextLevelIncome.com!
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Christopher Larsen is the founder and Managing Partner of Next-Level Income. Since “retiring” after 18 years in the medical device industry he dedicates his time to helping others become financially independent through education and investment opportunities. Chris has been investing in and managing real estate for over 20 years.
While completing his degree in Biomechanical Engineering and M.B.A. in Finance at Virginia Tech, he bought his first single-family rental at age 21. Chris expanded into development, private-lending, buying distressed debt as well as commercial office, and ultimately syndicating multifamily properties. He began syndicating deals in 2016 and has been actively involved in over $500M of real estate acquisitions.
In addition to real estate, Chris has invested in equities, oil & gas, and small business lending, as well as being active in Venture South, one of the nation’s Top 10 Angel Investing groups. Chris lives with his wife and two boys (and Viszla, Lucy!) in Asheville, NC where he loves spending time with them in the outdoors and enjoying the food and culture that the region has to offer.
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