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I think it depends on your field. In professions where there are plenty of local people, it doesn't necessarily make sense to look for people from elsewhere. I, on the other hand, recruit for a healthcare company and am always happy to entertain resumes from people who would like to relocate.
I would definitely state that you'd pay your own relo but if a company does relo anyway, you may not have to do that. The amount of relo that companies offer can really vary however....from a flat figure (like $1000) to enough to cover a U-haul plus expenses (often looked at as the option for new grads with assumed limited stuff to move) to the best plan where they'll have movers pack and move your stuff plus temp housing, etc.
I would also figure out who you can talk with directly to make sure that your resume doesn't get lost in the shuffle. And, perhaps, if you have specific cities in mind, tailor your resume to those cities (one per resume/cover letter). I would feel more confident in your resume if I had some background as to why you want to move to my city and why we should consider you over someone local who we won't have to do as much legwork for. You know, there are people who send out hundreds of resumes for any job that is even remotely in their field. Be specific about what you want and what you can offer.
Also, if you haven't, check with your career center to see if they have ideas. I'm sure you're not the first grad of that school who wants to relocate to a bigger city.
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