Seven destinations in the U.S. that offer substantial financial incentives for relocation.

The cost of housing and the amount of space one gets for their money are higher in major U.S. cities. With the rise of remote work due to the pandemic, many workers are reconsidering living in big cities like New York and San Francisco.

While some companies still require in-office work, many offer hybrid or fully-remote options, according to Vicki Salemi, a career expert at Monster. She advises job seekers to utilize this flexibility and broaden their search.

Salemi stated that they can seek employment opportunities beyond the limitations of a specific zip code based on the quality and quantity.

Discover how to earn money by visiting high-end hotels and spas globally.

Working remotely can be a great option for both recent college graduates and those seeking a change of scenery, as it allows you to keep costs low while still having a job.

Working outside of your company's home base allows you to explore more affordable areas and discover new places across the country that offer welcoming environments and financial incentives.

In August 2024, certain cities and states are providing financial incentives for relocation, with one offering up to $20,000.

1. Cumberland, Maryland

Program name: Choose Cumberland Relocation Program

Incentive: up to $20,000

The "Choose Cumberland Relocation Program" is providing $10,000 in cash to 10 individuals and up to $10,000 in matching funds to assist with down payments or renovations. To be eligible, candidates must pledge to remain in the city for five years.

The Washington Post reports that Cumberland is providing the cash payments and the matching funds are being funded by a $100,000 grant from Maryland's Community Legacy Program.

2. West Virginia

Program name: Ascend West Virginia

Incentive: Up to $12,000 or more

West Virginia is offering prospective residents a range of incentives, including a free outdoor recreation package, co-working space, and more. To qualify, you must reside in the state for at least two years in one of the designated communities: New River George, Greenbrier Valley, Morgantown, Eastern Panhandle, and Greater Elkins. During the first year, new residents will receive $10,000 paid in monthly installments, with the final $2,000 issued at the end of the second year of residency in West Virginia.

In order to qualify for the Ascend West Virginia program, candidates must work remotely, have the capability to work remotely for a business outside of West Virginia or be self-employed outside of the state. Proof of employment and income must be provided prior to acceptance into the program, candidates must be able to relocate within six months, be at least 18 years old, and be a U.S. citizen or green card holder.

3. Rochester, New York

Program name: Greater ROC Relocate

Incentive: Up to $9,000 in homeowner grants

The program requires applicants to be at least 18 years old, eligible to work in the U.S., and reside at least 300 miles from Rochester while relocating within six months of acceptance. As per the city's website, 32 remote workers have already relocated through the program.

4. Tulsa, Oklahoma

Program name: Tulsa Remote

A three-year membership to a local co-working space and a lump sum of $10,000 in rental grants or a purchase of a qualifying home are incentives for those who meet certain criteria.

To be eligible for Tulsa's program, applicants must meet the following requirements: be at least 18 years old, have authorization to work in the US, have full-time remote employment outside of Oklahoma, be able to relocate to Tulsa within 12 months of approval, and have lived outside of the state for at least one year prior to applying.

The application process for Tulsa Remote involves a 30-minute virtual interview, a background check, and income verification. If you are selected to proceed, you will need to sign a qualifying lease or purchase a qualifying home. Once approved, you will attend a new member orientation and be eligible to receive the grant money.

5. Topeka, Kansas

Program name: Choose Topeka

Up to $15,000 can be allocated towards buying a home or $10,000 can be used for rent for the first year.

In order to obtain the incentive, your employer must participate in the GO Topeka employee transfer program and contribute between $2,500 and $15,000. After one year, the program will reimburse a portion of the total qualified relocation incentive.

The city offers two programs that provide $5,000 to former Topeka residents and $5,000 to those transitioning out of the military, with the funds being entirely at the recipient's discretion.

6. The Shoals, Alabama

Program name: Remote Shoals

Incentive: Up to $10,000 given in three separate installments

To be eligible for the program, applicants must earn $52,000 or more annually, relocate to the Shoals area within six months of selection, and be a full-time remote employee or self-employed independent contractor outside of Colbert and Lauderdale counties. Additionally, applicants must be at least 18 years old and legally allowed to work in the United States.

The program is currently paused, but the next round of applications will open on September 1, 2024, and remain open until the 30th. Selections will be made in December 2024.

7. Illinois

Program name: Make My Move

Incentive: Starting at $6,800

Incentives and perks are being offered by several communities in Illinois, including Jacksonville, Mattoon, and Pittsfield, to attract new residents. Jacksonville is providing a $9,300 package that includes $5,000 in cash for relocation. To qualify for this opportunity, you must earn at least $50,000 annually.

Mattoon offers $5,000 cash for relocation and financial assistance to local restaurants. To be eligible, applicants must earn at least $45,000 annually and reside at least 100 miles away from Mattoon when submitting the application. Upon acceptance, you must commit to living within the city for at least two years.

Sign up for CNBC's online course to master your money this fall. Our practical strategies will help you hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for a 30% introductory discount, extended through September 30, 2024, for the back-to-school season.

Sign up for CNBC Make It's newsletter to receive expert advice on work, money, and life.