Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner. Facebook Messenger An icon of the facebook messenger app logo. Facebook An icon of a facebook f logo. Facebook Messenger An icon of the Twitter app logo. LinkedIn An icon of the LinkedIn logo. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Email An icon of an mail envelope. Copy link A decentered black square over a white square.

Money: Should you stay or should you go when work calls?

Post Thumbnail

Would you up sticks and move away from your area if you were offered better career prospects or a bigger salary?

The dilemma of whether to relocate for work or stay put can be tricky to answer – particularly for those who already have strong ties with their local community.

Among employees who have never relocated, 59% of men and 65% of women say the desire to stay near family is the primary reason they’ve stayed put, according to a new survey by jobs website Indeed.co.uk.

On the one hand, there may be the chance of new opportunities opening up, the chance of a pay boost and better living standards. But on the other, families also need to weigh up how other members of the household may settle into a new life – and how this may also have an impact on the household budget.

Here are some factors you may want to consider when weighing up whether it’s worth relocating for work or not…


Can you afford the moving costs?

The cost of moving home can quickly add up to thousands of pounds.

According to research from Lloyds Bank, home movers across the UK may typically need to budget around £12,000 just to cover moving costs.

If you plan to buy a new home, there are expenses to consider such as stamp duty, or in Scotland the land and buildings transaction tax, or in Wales the land transaction tax. There are also estate agent and legal fees to consider, as well as the cost of a removal firm.

Can you afford the house prices or rents in the area you are thinking of moving to?

You may be getting a pay rise if you relocate, but consider whether this will be swallowed up by a higher mortgage or rental bill every month. If you’re moving to a bigger town or city, the housing costs may be higher if there is stronger demand for properties in these areas.

It may be possible to find cheaper accommodation by finding somewhere to live slightly further afield, but in popular commuting towns property prices may also be high, and the cost of your journey into work could also be higher.

What about schools and childcare costs?

Childcare costs can vary hugely depending on where you live. And if you’re currently close to grandparents who are helping out with unpaid childcare, the expenses could increase quite dramatically by moving far away. If you or your partner will be getting a bigger salary by moving, the extra childcare costs may be balanced out.

Also bear in mind that house prices in locations near popular and highly-rated schools can often be significantly higher than those in their surrounding areas.

Will your employer provide you with a relocation package?

Whether it’s your existing employer who is asking you to relocate, or you’re considering going to a new company, you may be able to negotiate a relocation package.

Ask the company’s HR department whether they can help with expenses such as moving costs, transport and any temporary accommodation.

Is working remotely an option?

New technology means it’s easier for many people to work from home at least some of the time now, although this will very much depend on what your job involves.

It may also be possible to stay living where you are but have a longer commute to work. Three-fifths (60%) of men and 59% of women say they are willing to travel for 30-60 minutes to work, if it meant they could avoid relocating.