Our friends and clients in ministry often ask our team how churches are handling the ever-changing economic state, especially regarding rising housing costs. We hear countless stories of churches that are unable to recruit top-level leaders because it’s simply too expensive to put down permanent roots in the community.
Some of the most effective pastors are successful because they are living amongst and truly “doing life” with their church communities. Unfortunately, for churches in an area with a high cost of living allowance (COLA), this makes it more difficult to find and attract the right pastor.
In some cases, a church will own a parsonage or manse and allow its pastor to live rent free, but that is not financially feasible for most churches. As we’ve worked with our church clients on customized compensation and benefits analyses, we’ve taken note of some creative ways that we’ve seen churches address the high housing costs associated with bringing a new pastor on staff.
Below are four examples to consider in your hiring process.