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Archive for May, 2010

We're Moving

May 18th, 2010 at 04:06 am

A few months back dh and I decided it was time to make Idaho our legal residence... we plan to spend more than 50% of our time there, and it makes sense from a financial standpoint. We bought our ID home in 2006. We will definitely save on some basic expenses:

Homeowner’s insurance:
ID - $320
CA - $578 (changed carriers)

Registration for my car (2007 Murano):
ID - $74
CA - $376

Auto Insurance:
ID - $1067
CA - $1459 (two cars)

State Income Tax:
ID - 7.8%
CA - 9.55%

State Sales Tax:
ID - 6%
CA - 9.25%

Property Tax Homeowner's Exemption Savings:
ID - $1,005
CA - $70

When I use Sperling's cost of living comparison calculator, it's 42% cheaper to live in Idaho than our city in California. We've been in Idaho for about two weeks now and I definitely notice the savings at the grocery store and the gas pump.

We will keep the CA condo in Silicon Valley, at least for a few years. We have family and friends in the Bay Area that we will visit frequently so the condo will be used regularly. And, when it gets too cold in Idaho, or if we have to fly out of SFO or SJC for one of our trips, we have a nice place to stay. The Prius will remain at the condo for use while we're in CA.

In other news, I am scheduling some landscaping work in our back yard using Basalite pavers/stones. Right now, the back yard is a patch of grass with a small concrete patio... that's it. My vision is to create an "outdoor room" with pavers and stone planter boxes to be filled with perennials and annuals. We will also plant a tall, narrow tree for privacy in one corner. The work is scheduled to be done in June. Before and after pictures to be posted when the work is done.