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if looking at a new job,but 70 miles trip, what minimum £ increase would you consider

currently do about 10-12 miles round trip to work, which is about 10-15 minutes away, so about 30 minutes travel each day.

however if you were considering a move in job, but would be about a 70 mile roundtrip (majority of motorway) and say each leg would be 45 minutes so 1.5hrs travel each day.

how much salary £ increase would you consider before thinking about doing an extra 60+miles each day and increase travel time of each day by over an hour on average?
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Comments

  • p1tse
    p1tse Posts: 980 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    let's say current weekly miles of 70 miles commute at a cost of fuel of say £0.15/mile = £10.5 fuel/weekly
    x say 48 working weeks = £504 fuel/yearly

    new 70 miles daily (350 miles/weekly) again at £0.15 fuel/mile £52.5
    x say 48 working weeks = £2520 fuel/yearly

    if on higher tax banding say 60%, gross £4300, net would be £2580

    so even if a salary increase of £4300 that would only cover fuel and not even consider time of travel (lost time during the day with family/friends), increase wear and tear on car components.

    so even a hike of say £6000x60% = £3600 - £2580 of fuel = about £1000 disposable income/yearly doesn't really add up

    thoughts?
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    It would probably be cheaper just to move house:D
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • But if the new job has better prospects then that needs to be considered along with the day to day expense of it.
  • p1tse
    p1tse Posts: 980 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    think both could offer something similar over the course of 3-5 years

    would you go for it if it was say £6k increase?
  • No - theres a lot to be said about lack of commute! If they both have the same prospects then I'd stick with what I know. Firstly, it'll look good if you stay with one company for a number of years, and secondly you might hate the new company.

    I'd stick with what I know...
    :o Trying to become debt free but this site makes me spend a fortune!!! :o
  • Hammyman
    Hammyman Posts: 9,913 Forumite
    Most of the people in my entire county end up doing a 50-60 mile daily round trip to commute. Many millions do in this country so expecting to be financially compensated for it by increased wages is likely to lead to a lot of disappointment.
  • westv
    westv Posts: 6,512 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Hammyman wrote: »
    Most of the people in my entire county end up doing a 50-60 mile daily round trip to commute. Many millions do in this country so expecting to be financially compensated for it by increased wages is likely to lead to a lot of disappointment.

    Excluding things like better prospects, why bother increasing the commute time if there is no financial benefit?
  • molerat
    molerat Posts: 35,088 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Anything under £9K would make it not even worth considering.
  • I drive around about a 30mile round trip to work everyday, some of my colleagues live much closer but i guess you have to put it down as one of those things.

    With regards to changing job, I agree that if aint broken 'dont fix it' as you may not enjoy your new job, get on as well with new workmates etc...

    HTH
  • scooby088
    scooby088 Posts: 3,385 Forumite
    I have set myself a max of 1 hour commute a day anything more and i wouldnt even consider at any raise.
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