How much of a $ increase would be enough to move?

[Anonymous]

I’m trying to figure out if I’m being unreasonable in my thinking. I’ve been contacted about a job opportunity but overall it would be only a 10% increase from what I’m making now. I don’t make millions per year, but in the 300-400 range. I feel like any job hop should be at least a 20% jump to take that risk, be the new person (LIFO), etc. Thoughts on if this is unrealistic/unreasonable?

[Anonymous]

If you are already in the 300k club, at least 40% is “attractive enough”.

30% is 100k more, which is about 50k after tax. If you are pulling 9k every two weeks, that’s just not enough for a change.

Unless you are getting fired.

[Anonymous]

I don't think there's a dollar amount for me. It would have to be a cool opportunity in a place we wanted to live.

The effort of picking up my family, disrupting my kids, making my spouse find a new job...even for $100k it doesn't seem worth it. We are comfortable and doing fine here.

That said, there are a couple specific parts of the country (near family) that I would take a pay cut to uproot and move to because I would love to be back there.

[Anonymous]

going from 300k in DC to 330k in a lower cost-of-living area may be worth it, but it also may not. Not enough details for useful feedback.

[Anonymous]

We’re at 175 each and we’d need to double it to move. Then we could move and I could be a sahm.

[Anonymous]

Did they come to you? Are you job hunting? Is it to a lower cost of living area? So many details that make it impossible to know.

[Anonymous]

It would probably need to be a 50% increase for me. I can already work remotely at my discretion and wouldn't want to start over building goodwill. Also, already in the high marginal income bracket from spouse so any increase in my salary would be taxed pretty high. At this point, I am planning to grind a few more years and then retire early.

[Anonymous]

I make twice what my spouse does, so I'd need 50% more just to replace his income. Probably more than that when you factor in that my cost of housing will almost certainly be higher given market conditions.

The calculus would be different if I'd lost my job and we were down 2/3 of our income. That would be harder.

[Anonymous]

Are they footing the bill to sell your house, move you, corporate tentative housing, assist with buying a new place, paying realtor fees? If not then absolutely no. Unless it’s a location you’d really like to be, have always dreamed of living there and this is the one way ticket. For 10% ? So That’s a lateral move? No way.

[Anonymous]

Physically moving locations or moving within a company?

[Anonymous]

It would need to be substantial. I agree with 50 percent, and it would need to be a place I want to live.

[Anonymous]

If moving is involved, I d need at least 30-40% increase

[Anonymous]

In order to move, I'd need at least 30% real increase (base+bonus-tax) in total household income. PLUS desirable job/location.
To make us move to bumblef**k, I would need a dramatic increase to be able to retire within 8-10 years (instead of the planned 20-25 currently).