How much money should I save before moving out is one of the most important questions to ask before taking the next step toward independence. Whether you’re relocating across town or planning a long-distance move, having a clear moving out budget can save you from unexpected financial stress. Most experts recommend saving at least $3,000 to $8,000, depending on your lifestyle, income, and location.
This should cover your rent, deposits, utilities, groceries, and some emergency funds. If you’re calculating the cost of moving out of state, factor in travel expenses, moving company fees, and setup costs in your new city. Budgeting ahead not only gives you peace of mind but also helps you settle into your new home comfortably. Start saving early, track your expenses, and adjust your goals based on your needs.
Moving Out? Calculate Your Savings Goal & Make it Happen
Moving out is a big step—whether it’s your first time or your fifth. But one of the smartest things you can do before the move is calculate your savings goal and plan ahead. Setting a clear budget not only helps you stay on track but also gives you peace of mind. Here’s how you can avoid unnecessary stress and start saving money before moving.
Why Saving Ahead Matters
Avoid financial stress after the move
Too often, people focus only on the move itself and forget about the after-costs. Without a solid financial plan, you might find yourself stuck right after settling in. Saving ahead can prevent that.
Create a buffer for surprise expenses
Unplanned things happen—damage deposits, extra boxes, or needing a handyman. Having extra funds saved up gives you breathing room to handle unexpected expenses with ease.
Helps with a smoother transition
Whether you’re relocating across town or out of state, transitions are easier when money isn’t a constant worry. A savings goal means fewer surprises and more control.
Set a Moving Budget (Based on Real Needs)
When thinking about moving out price, your budget should reflect your actual situation. Here’s how to break it down:
- Local move vs. long-distance move
A short move within Los Angeles or nearby areas (like Pasadena or Santa Clarita) will cost less than a long-distance relocation. Factor in gas, time, and moving help. - DIY move vs. hiring movers
Will you pack and lift everything yourself or hire professionals? Using a moving company or packing services can raise the initial cost, but it saves you energy and time—especially for fragile or bulky items. - One-time vs. ongoing monthly costs
Don’t just think about the day you move. Consider monthly rent, utilities, internet, and parking. Include these in your total moving out price projection.
Common Costs to Plan For
No matter where you’re going, these are some of the most common moving expenses you’ll need to budget for:
- Security deposit and rent (first + last month)
Most landlords ask for both up front. This is one of the biggest expenses when moving out, especially in high-demand areas like Beverly Hills or Culver City. - Utility setup fees (water, gas, electric, internet)
Switching or starting new utility services often comes with one-time activation or installation fees. Don’t forget to include deposits or transfer charges. - Furniture and appliances
If this is your first time moving out, you’ll likely need basics like a bed, couch, or refrigerator. Even secondhand items can add up quickly. - Moving company or truck rental
Whether you go with local movers, a full-service logistics company, or rent a truck, these costs vary widely. Always get a few quotes and compare. Factor in extras like fuel, insurance, or equipment rental. For moving services in Sherman Oaks contact no other than Chamomile Go.
Assessing Your Current Financial Situation
Before you set your moving out budget, it’s important to get a clear picture of your current financial standing. Knowing how much you earn, spend, owe, and save will help you prepare for the true cost of moving out of state or even just across town. Let’s walk through the steps.
Evaluate Your Income Sources
Start by looking at how much money you bring in each month. This isn’t just your 9-to-5 job—include:
- Full-time or part-time job income
- Side hustles like food delivery, tutoring, or selling items online
- Freelance work, especially if you work in the gig economy
- Parental or family support, if it applies to your situation
Knowing your total income helps you figure out what portion you can set aside for your moving out budget.
Check Your Monthly Expenses
Take a good look at where your money goes each month. Tracking your spending helps identify areas where you can cut back to start saving money before moving. Common expenses include:
- Subscriptions (Netflix, Spotify, etc.)
- Phone bills and data plans
- Groceries and dining out
- Gas, car insurance, and public transportation
- Shopping or miscellaneous spending
Cutting even a few small costs can give your savings plan a major boost.
Review Your Debt or Financial Obligations
Debt impacts your budget—especially when planning for the cost of moving out of state. Make sure to factor in these obligations when estimating what you can afford:
- Credit card payments and interest
- Student loan repayments
- Car loans or lease payments
- Buy-now-pay-later services or other personal loans
Paying down small debts before your move can reduce stress and monthly pressure in your new place.
Determine Your Emergency Fund Status
An emergency fund is your safety net. It helps cover unexpected costs, like car repairs, medical bills, or delays in income after you move. Financial experts recommend having at least 3–6 months of living expenses saved—especially if you’re planning a long-distance move.
If you’re calculating your moving out budget, this fund shouldn’t be touched for move-related expenses. It’s your backup, not your plan A.
You may read about How To Move From State To State?
How Much Money Should I Save Before Moving Out?
Planning your moving out budget starts with knowing how much you need to save. This depends on your location, lifestyle, and job situation. Whether you’re moving to Los Angeles, Pasadena, Riverside, or anywhere nearby, preparing your finances ahead of time is key to avoiding stress later.
General Rule of Thumb
A good starting point is to save between $3,000 and $8,000 before moving out. This covers your moving out price, rent, security deposit, utilities, and basic setup costs.
Keep in mind:
- Big cities like Los Angeles or Pasadena often require savings on the higher end.
- Smaller or suburban areas like Riverside or Palmdale might be more affordable.
- Your lifestyle choices — shared room vs. solo apartment — also affect the total cost.
This is why saving money before moving is not just smart — it’s essential.
Cost Breakdown for Los Angeles & Nearby Areas
Let’s break down a realistic moving out budget for Los Angeles County and its surrounding areas:
- Rent (Studio or 1-Bedroom):
Expect to pay between $1,500–$2,500 per month, depending on the neighborhood (e.g., Culver City, Santa Clarita, or Ventura). - Utilities (Electricity, Water, Internet, Trash):
Typically range from $150–$300/month, depending on your usage and location. - Moving Services:
If you hire a local mover like Chamomile Go, expect:- Packing Services: Starting from $150+
- Loading/Unloading: Average $100–$300/hour depending on the size of your move and crew.
- Full Local Move: Around $700–$2,000, depending on the distance and service type.
Adding these up gives a clear idea of the moving out price. Knowing the numbers helps you stick to your moving out budget and avoid unexpected costs.
Realistic Savings Targets by Situation
How much you should save also depends on your personal stage in life. Here are a few tailored suggestions:
- Students or Part-Time Workers:
Aim to save $3,000–$5,000. Go for shared apartments or dorm-style housing. Cook at home, and use public transportation to stretch your dollars. - First-Time Jobbers (Early Career):
Save $5,000–$7,000 before moving. This allows you to afford a modest one-bedroom, set up utilities, and still have an emergency fund. - High-Income Earners:
Target $8,000+ in savings. You may want more space, upgraded appliances, or live in premium locations like Beverly Hills or Century City, where costs are much higher.
Final Thoughts: Be Financially Ready Before You Move
Moving out is a big step — emotionally and financially. Whether you’re moving across Los Angeles County or into a neighborhood like Sherman Oaks, proper preparation ensures a smooth transition. Before jumping in, take the time to assess your moving out budget, understand the moving out price, and focus on saving money before moving.
Take Your Time — Don’t Rush It
It’s okay to delay your move if you’re not financially ready. Rushing without proper savings can lead to stress, debt, or even moving back home. Instead, build a savings plan and stick to it. Track your progress monthly and adjust based on real expenses and location-specific costs. The more prepared you are, the more confident and comfortable your move will be.
Use a Checklist to Stay on Track
A well-organized moving checklist helps you manage everything — from setting your budget to finalizing your lease. Break it down by:
- What to save
- What to pack
- Who to notify
- What services to book
By following a checklist, you stay focused and reduce last-minute surprises that could spike your moving out price or delay your plans.
Work with Trusted Local Movers (Like Chamomile Go)
When you’re ready to move, choose movers who know your area and understand your needs. At Chamomile Go, we specialize in reliable moving, packing, and loading/unloading services across Los Angeles — including Sherman Oaks, Pasadena, Riverside, and beyond. We offer flexible packages that match your timeline and budget, helping you save time, stress, and most importantly — money. Contact us for stress free relocation.
FAQs
How Much Money Should I Save Before Moving Out For The First Time?
If you’re moving out for the first time, it’s smart to save at least three to six months’ worth of living expenses. This should cover rent, utilities, food, transportation, and emergency funds. On average, this can range between $3,000 to $10,000, depending on your lifestyle and the city you’re relocating to. Factor in initial costs like security deposits, movers, furniture, and setup fees too.
Is $5,000 Enough To Move Out?
Yes, $5,000 can be enough if you’re moving into a shared apartment or have low living costs. However, it depends on your location and how much your monthly rent and bills will be. If you’re relocating to a high-cost area like Los Angeles, you might need more savings to stay financially secure after moving in.
What Expenses Should I Include When Calculating How Much To Save Before Moving Out?
You should include first and last month’s rent, security deposit, moving services, utility setup, furniture or home essentials, groceries, and an emergency fund. These initial and recurring expenses can add up quickly, so it’s better to overestimate than underestimate your moving-out budget.
How Much Should I Save Before Moving Out On My Own In Los Angeles?
In Los Angeles, it’s recommended to save at least $7,000 to $12,000 before moving out alone. Rent in LA is higher than the national average, and daily expenses like gas, parking, and groceries also cost more. Include money for moving services, application fees, and a few months of buffer cash in case of unexpected costs.
Can I Move Out With $1,000 Saved?
It’s possible, but very risky. With only $1,000, you won’t have enough to cover rent, deposits, or emergency expenses unless you’re moving in with roommates or have financial support. Most landlords require a security deposit and the first month’s rent upfront. It’s better to wait until you have more savings.
