Percent increase to move away (percentage, paycheck, job, career)
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If you were ok with your job (don't love or hate), what percentage salary or cost of living increase would be needed for you to move 4 hours away. I choose 4 hours so its long enough so you cant commute easily. The new job would offer more opportunity down the road as well.
1. If you were single
2. If you have a family, spouse , 2 school age (6-12 yrs) kids. Assume school quality is similar.
3. Probably varies with age and how long you resided where you are. Assume 5 years, then 15 years at current location.
I think this will highly depend on the profession and location of course.
1. For me at this point in my career (4 years total experience just recently promoted to project manager, I would leave for 15%+ more in pay). I just joined a company 1 week ago for a 16% raise.
It would also heavily depend on location. I am leaning towards eventually moving away from Illinois since the imbeciles running it do nothing but take more and more money and reduce the quality of life for its citizens.
It would also be other factors --- do I like where I'm living now -- if so then I wouldn't move, if the new job is in a location that's better for me, then I would. I moved 2000 miles away for better climate.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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I wouldn't go unless it was double. I like it here and 4 hours away in any direction would not be in places where I would be as happy. Even at $100,000 a raise of 15% would be less than $500/paycheck after the taxes are taken out and that's not going to make up for the time and trouble involved in selling and buying a house and moving.
If you were ok with your job (don't love or hate), what percentage salary or cost of living increase would be needed for you to move 4 hours away. I choose 4 hours so its long enough so you cant commute easily. The new job would offer more opportunity down the road as well.
1. If you were single
2. If you have a family, spouse , 2 school age (6-12 yrs) kids. Assume school quality is similar.
3. Probably varies with age and how long you resided where you are. Assume 5 years, then 15 years at current location.
I can only offer a view on point 1 (as I'm single with no intention of having a family) and I've moved around a lot, so that likely factors in.
If the new location was preferable to my current location (weather, city, etc), I'd move for 15% more.
If I preferred my current city to the new one, it would have to be more like 40-50%.
I would expect that my numbers would come out lower than most, but that's just a guess.
If it literally means moving 4 hours away from where I am at (Minneapolis) I'd say I'd have to double my salary, since anything 4 hours away from here is going to be just as cold and boring, but with fewer amenities.
4 hrs driving or flying? You couldn't pay me enough to move anywhere in driving distance. 4 hr flight would get me back to California or to NYC.
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