
Is It Cheaper to Hire Movers or Do It Yourself? Let's Find Out Together
A recent CNET survey found that 36% of people who have put off moving cited inflation as the cause, so it's clear that increasing costs are a concern for many. With that in mind, those who do move are usually looking at ways to make it cheaper. It won't come as a shock that renting a truck, packing it yourself and driving it to your new home is cheaper than hiring someone else to do so. But what might be surprising is how much cheaper that approach is when compared to having the professionals do it. After getting quotes from three different moving companies for a variety of house moves, I found that doing it myself would save me about $1,000 for a local move and as much as $5,000 for a cross-country relocation. Sure, lugging your furniture around as we move into the warmer months doesn't sound like a good time, but is it worth a few thousand dollars to avoid it?
In general, you have three options for moving your belongings: rent a moving truck and do everything yourself, pack a moving container and have it shipped or hire a professional moving company to do everything. To determine the cost of each option, I collected quotes for moving a two-bedroom apartment over a variety of distances.
Keep in mind, moving quotes are highly personalized -- especially when it comes to hiring professionals -- and you'll probably need to provide a moving company with a detailed inventory or conduct an in-home tour to see exactly how prices will break down for your move.
Rent a moving truck and do it yourself
Move distance Average truck rental Gas cost Total cost 10 miles $44 $4 $48 100 miles $343 $36 $379 500 miles $799 $182 $981 1,000 miles $1,036 $364 $1,400 3,000 miles $3,102 $1,092 $4,194
These truck prices reflect the cheapest options available from three of the most popular rental companies. These are the simplest packages available for a 15- or 16-foot truck rental -- no insurance, no packing supplies and no car towing. (Learn more about picking the right rental truck size here.)
The amount of time you have with the truck typically depends on how far you're going. For a move from Seattle to Bakersfield, for example, U-Haul gives you five days and 1,218 miles. Other companies, like Penske, give you unlimited mileage for long-distance moves.
I also factored in current average gas prices ($3.64 per gallon) and fuel efficiency for a 16-foot truck (about 10 mpg). For a 3,000-mile move, you'll need to factor in an extra $1,092 for fuel.
Cost of renting a moving container
Move distance Average cost 10 miles $578 100 miles $1,350 500 miles $1,459 1,000 miles $2,371 3,000 miles $3,238
Moving containers split the difference between a DIY move and hiring professionals. The company drops off a portable storage unit at your home, you fill it with your belongings, and the company ships it to your new home. Most moving containers like PODS and U-Box also offer loading and storage services that will add to the final cost.
Cost of hiring professional movers
Move distance Average cost 10 miles $1,407 100 miles $1,617 500 miles $4,398 1,000 miles $5,641 3,000 miles $9,061
The prices above show the average quotes I got from three different moving companies for full-service moves. You pack, and they load, drive and unload. There are a number of other factors that can impact these prices (more on that below) but these are the ballpark figures you can expect to pay when hiring professional movers.
So, what's the cheapest way to move?
Move distance Moving truck Moving container Professional movers 10 miles $48 $578 $1,407 100 miles $379 $1,350 $1,617 500 miles $981 $1,459 $4,398 1,000 miles $1,400 $2,371 $5,641 3,000 miles $4,194 $3,238 $9,061
Unsurprisingly, the cheapest way to move involves lifting those heavy boxes and furniture yourself. For almost every distance of move, renting a moving truck and driving it yourself is going to save you the most money.
The one exception to this rule is for long, cross-country moves. If you're going from one coast to another, using a moving container may end up being slightly cheaper than renting a truck and driving it yourself. That's largely because you're paying for gas out of your own pocket when you rent a truck, which can add more than a thousand dollars to your final cost.
Other cost factors to consider when moving
Add-on Cost Packing supplies $200 Packing services $500 to $1,800 Moving insurance 1 to 2% of total coverage Truck rental coverage $14 to $235 Hotels $206 to $618 Car towing $69 to $511 Car shipment $700 to $3,400 Tip for movers 10 to 20% of total bill
Unfortunately, moving expenses don't end after you put the deposit down with your moving company or truck. Here are some additional costs you'll want to budget for as you're comparing your options.
Packing supplies : U-Haul and Lowe's sell two-bedroom moving kits for about $200, and they include everything from boxes to packing tape to mattress covers. You can cut down on these costs by hunting for free moving boxes or using towels and bedding as cushioning instead of foam or bubble wrap.
: U-Haul and Lowe's sell two-bedroom moving kits for about $200, and they include everything from boxes to packing tape to mattress covers. You can cut down on these costs by hunting for free moving boxes or using towels and bedding as cushioning instead of foam or bubble wrap. Packing services : Most professional moving companies offer packing services for an extra fee. Packing services added on between $500 and $1,800 to my moving quotes for a two-bedroom apartment.
: Most professional moving companies offer packing services for an extra fee. Packing services added on between $500 and $1,800 to my moving quotes for a two-bedroom apartment. Moving insurance : Every moving option I looked at offered some sort of moving insurance add-on. Interstate movers are required to insure your belongings by the monetary value of their weight -- 60 cents per pound -- but you can also opt for extra coverage.
: Every moving option I looked at offered some sort of moving insurance add-on. Interstate movers are required to insure your belongings by the monetary value of their weight -- 60 cents per pound -- but you can also opt for extra coverage. Truck rental coverage : Your credit card or auto insurance policy probably doesn't cover a rental truck. U-Haul offers two protection packages: $14 or $28 for a local move, and $168 or $235 for cross country.
: Your credit card or auto insurance policy probably doesn't cover a rental truck. U-Haul offers two protection packages: $14 or $28 for a local move, and $168 or $235 for cross country. Hotels: If you're driving a moving truck across the country, you'll want to factor in the price for lodging as you go. Average hotel prices are currently $206 per night, according to the travel site Hopper.
If you're driving a moving truck across the country, you'll want to factor in the price for lodging as you go. Average hotel prices are currently $206 per night, according to the travel site Hopper. Car towing : If you rent a moving truck, you'll have the option to tow your vehicle behind it for the length of the trip. Depending on the type of car and distance, this can add on as much as $500 to your moving costs.
: If you rent a moving truck, you'll have the option to tow your vehicle behind it for the length of the trip. Depending on the type of car and distance, this can add on as much as $500 to your moving costs. Car shipment : The cost of shipping your car can vary considerably based on its size, the distance it's going to travel and whether you choose enclosed or open shipment.
: The cost of shipping your car can vary considerably based on its size, the distance it's going to travel and whether you choose enclosed or open shipment. Tip for movers: How much you tip movers is a personal choice, but a good rule of thumb is to plan on spending between 10% and 20% of the total bill.
Bottom line: Moving is expensive
No matter how much of the heavy lifting you do yourself, it costs a lot of money to get your life packed up for somewhere new -- especially if the new place is all the way across the country. In those situations, you might be better off selling or donating furniture before moving so you don't end up paying more to ship your old couch than it's worth.
For more tips on reducing costs, check out these six tips for moving on a budget.
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"We are working toward deals on those, and it is highly likely that [for] those countries — or trading blocs, in the case of the EU — who are negotiating in good faith, we will roll the day forward to continue good faith negotiations," Bessent said (see video below). "If someone is not negotiating, then we will not." A recent report on the drastic decline of US ocean imports serves as an example of how President Trump's increased tariffs on China affected supply chains and several industries as ttalks continue. Reuters reports: Read more here. The Treasury Department says that the US government is successfully using tariffs to decrease the budget deficit by more than $30 billion, largely due to increased customs receipts. Reuters reports: Read more here. China will ease curbs on exports of rare earth minerals for six months as part of a new trade understanding with the US, according to The Wall Street Journal. The move could add more uncertainty for American manufacturers, particularly the auto industry, which has been pushing for easier access. The Journal notes that the move gives China leverage down the line if tensions ratchet back up. From the report: In celebrating the agreement early Wednesday, President Trump noted "any necessary rare earths will be supplied, up front, by China." He did not mention any time limit on loosening those restrictions. Treasury Secretary Scott Bessent, in testimony before Congress on Wednesday, painted Wednesday's agreement as an incremental step on the longer road to a more comprehensive trade deal. "A trade deal today or last night was for a specific goal, and it will be a much longer process," he told a House committee. When asked if current US tariff levels on Chinese imports would not change again, Commerce Secretary Howard Lutnick told CNBC, "You can definitely say that." "We're in a great place with China," Lutnick said Wednesday. While the US-China truce framework is awaiting final word from US President Trump and Chinese President Xi Jinping, Lutnick added, "Both sides are really positive." The agreement is largely viewed as reestablishing the "handshake" that US and Chinese officials reached in Geneva last month, as details on a larger trade pact remain scant. Trump posted on social media this morning that the US has imposed 55% tariffs on China, a number that does not include any new tariffs but instead comprises some preexisting tariffs, Trump's fentanyl tariffs, and 10% "Liberation Day" tariffs. Lutnick touted that, as a result of the two-day talks, the US will gain access to rare earths and magnets, while the Chinese delegation sought to remove the US's export controls. He added that the trade deficit remains an ongoing issue, stating, "We're going to examine how China can do more business with us." May's Consumer Price Index (CPI) report showed inflation pressures eased on a monthly basis despite investor concerns that President Trump's tariffs would accelerate the pace of price increases. The Consumer Price Index (CPI) increased 0.1% on a monthly basis in May and 2.4% on an annual basis, a slight uptick from April's 2.3% gain. Yahoo Finance's Allie Canal reports: Read more here. I would keep an eye on consumer names off the news of a trade deal with China floated by President Trump this morning (see our prior post below). Seeing upticks premarket in heavily China-exposed retailers such as Nike (NKE), Walmart (WMT), Target (TGT), and Abercrombie & Fitch (ANF). The premarket gains here aren't mind-blowing in part because tariffs appear to still be in place. Trump posted on Truth Social: OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME. FULL MAGNETS, AND ANY NECESSARY RARE EARTHS, WILL BE SUPPLIED, UP FRONT, BY CHINA. LIKEWISE, WE WILL PROVIDE TO CHINA WHAT WAS AGREED TO, INCLUDING CHINESE STUDENTS USING OUR COLLEGES AND UNIVERSITIES (WHICH HAS ALWAYS BEEN GOOD WITH ME!). WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT! THANK YOU FOR YOUR ATTENTION TO THIS MATTER!" A variety of market observers quickly weighed in hours after Tuesday evening's unveiling to suggest that the deal may not have a lot of meat on the bones — but at least relations are no longer moving in the wrong direction. The talks perhaps underscored how unlikely a comprehensive trade deal is anytime soon, noted AGF Investments Greg Valliere, "but at least relations may not worsen as talks continue throughout the summer." Both sides promised additional talks in the weeks or months ahead, but none have yet been scheduled. Veronique de Rugy, a professor at the Mercatus Center at George Mason University, suggested the talks continued to show China's leverage. "China is hurting, yes—but they still hold the upper hand on critical resources, and they know how to use them." Any lessening of tensions — and freer flow — of these mineral resources in China would be a significant boost to the global economy with China holding outsized leverage in both the reserves and processing capacity of these key building blocks for everything from computers to electric vehicle batteries to medical devices. Likewise, the US offering concessions on export controls would be a significant move after years where successive US administrations have wielded these controls — especially around the design and manufacture of semiconductors — by saying they need to be tight on China for national security reasons. Read more here. May's Consumer Price Index (CPI) report will be released on Wednesday and its expected to show that prices rose a bit faster than in April. Yahoo Finance's Allie Canal breaks down what to look out for and how President Trump's tariffs are impacting what consumers are now paying for goods and services. Read more here. Now that the US-China trade truce is back on track, both sides are keen to ensure it stays that way. China's Vice Premier He Lifeng said both sides need to now 'show the spirit of good faith in abiding by their commitments and jointly safeguard the hard-won results of the dialogue.' Bloomberg News reports: Read more here. Reuters reports: Read more here. Despite the US-China trade truce resuming the pain from President Trump's tariffs remains in China, especially among small exporters. Reuters reports: Read more here. Japan warned Wednesday that tariffs threaten its economic growth, the government said in a monthly report. Reuters reports: Read more here. Reuters reports: Read more here. Reuters reports: Read more here. A federal appeals could said on Tuesday that President Trump's sweeping tariffs can continue for now. This is a significant win for Trump, who introduced tariffs back in March and declared "Liberation Day," as he saw them as a way to free the US from what he called unfair trade practices. Bloomberg News reports: Read more here. Early summer sales for Inditex, the owner of fashion retailer Zara, came in weaker, as the company missed expectations for first quarter sales on Wednesday. President Trump's tariffs have impacted consumer demand in the US and other major markets. Reuters reports: Read more here. After weeks of back and forth, the US and China have agreed on a framework to implement the Geneva consensus that helped ease tariffs. The breakthrough came after two days of talks in London, including a marathon session on Tuesday. US Commerce Secretary Howard Lutnick said both sides had to "get the negativity out" before making progress. 'Now we can go forward to try to do positive trade, growing trade,' he said. As part of the deal, Beijing has promised to speed up shipments of rare earth metals, a crucial component for global auto and defense industries. Washington will ease export controls. This marks the first sign of movement on key issues. The proposal will now be presented to President Trump and China's Xi. Still, the discussions also did little to resolve a long-standing issue: China's trade surplus with the US. 'Markets will likely welcome the shift from confrontation to coordination,' said Charu Chanana, chief investment strategist at Saxo Markets. 'We're not out of the woods yet — it's up to Trump and Xi to approve and enforce the deal.' The meeting was set up after a phone call between the two leaders, following weeks of each side accusing the other of breaking the Geneva commitments. Both countries had used chips, rare earths, student visas and ethane as bargaining tools. Josef Gregory Mahoney, a professor at East China Normal University, said trust, not money, has been the biggest casualty of the trade war. 'We've heard a lot about frameworks,' he said. 'But the fundamental issue remains: Chips versus rare earths. Everything else is a peacock dance.' Bloomberg reports: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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