Hi everyone! I’ve been struggling over this fork in the road I find myself in concerning my job and my place of living and could use some mustashian-minded help fleshing this out. Basically I am at a slow boring lonely long-commute but comfortable job that’s not engaging nor fulfilling for me. Classic quarter-life crisis stuff. I’m trying to decide if I should keep working here for another year or two, try to find a different job in downtown Chicago (to shorten my commute) right away, or move out of state to a more desirable living area.
And now for all the details…
Current Status (Career):
I work for a giant multinational mega-corp as an engineer making $90K/year salary before taxes and no bonus. I’ve been working here for 1 year and have 7 Years of total experience. No raises this year. The worst part about the job is the location in the Chicago Suburbs and therefore the commute. Despite the flexible hours afforded to me by my manager, the 18-mile drive takes an average of 45 minutes each way. I think if my office was magically relocated to downtown Chicago I would definitely stay at my company for at least another year. The job is easy with low supervision and doesn’t require 40 hours to get everything done in a week. This lack of work is mostly caused by the poor market conditions that my industry is in right now. I’m not very passionate about the work that I do so even when the industry does pick back up in a year or two I won’t be any more engaged mentally. People here are very nice but I have trouble relating to all these 40-somethings with kids. Overall it’s quite unfulfilling and the commute is draining so I can’t see myself working here for a long time. The thing is I still like this job much better than the last one which I had for 6 years in downtown Chicago. That job was very stressful (in terms of the pressure of deadlines, highly-regulated industry, prickly management, and perfectionism) and paid less.
Current Status (Personal):
I’m 28, living in Chicago in a neighborhood I really like. I ‘own’ and live in my condo with a 30 year mortgage at 3.625%. (Bought at $320K in 2012, worth $395K now and rising due to neighborhood development.) If I move away, I will keep the condo and rent it out through a property management company and should be able to at least break even each month. I have lived in Illinois all my life (Suburbs, Central IL for college, Chicago). I’m not passionate about my career / occupation and likely never will be since I don’t know what I would want to do for 40-hrs/wk, so I usually search for comfortable low-stress employment opportunities that allow me to have a good life outside of work. I think I would like the youthful optimism and flexibility of a newer, smaller company but my skills and experience typically funnel me to either 100-year old mega-corps or small consulting firms with long hours and demanding 75% travel/commuting requirements. I have a girlfriend of 9 months who is open to changing cities. I have no plans to ever have kids.
Preferences and Constraints:
I’m finding that weather is a really important factor for me since I really enjoy running, biking, hiking, and just being outside in general. Despite living in Illinois all my life the weather here still wears me down. Most of the year is either cold, rainy or hot and humid, forcing me indoors. I also don’t like the traffic and car congestion in Chicago. From what I’ve experienced it is worse than LA and much much worse than SD.
In the Chicago area for my line of work, most of the jobs available are out in the suburbs, which I would hate to live in. I really like my neighborhood in Chicago so if I stay in the Chicago-area I will be living in my condo. (I’m not moving out to the suburbs.) While it would be tougher, I could find a new job in downtown (4 miles away from my home) Chicago that would be a bike-able.
For possible re-location options…I actually haven’t visited most of the country so I can’t be sure. My preferences for weather and laid back lifestyle has led me to favor Southern California (SD/OC/LA areas). I have visited SoCal many times and tend to really enjoy the area and my time there. I like desert climates so Arizona, Nevada, or New Mexico may also work though I’ve never visited. I've been to SF and NYC and don't care for them. Too snobby and expensive.
If I move to Southern California, it is highly unlikely that I will get relocation expenses paid for. Most job postings specifically say ‘local candidates only’ or ‘relocation not included’. It would cost me ~$3000 to move all my stuff to the other side of the country. I do have more than enough savings to afford this move. I’ve noticed that for my line of work, the pay is lower in SoCal than in Chicago by about $10K/year and CA has a higher income tax. COL in SoCal is a little higher than Chicago.
Quick financial picture: No student loans, car loans, nor credit card debt. Mortgage info mentioned above. About $90K total in my 401Ks, and I have an additional $75K in index funds in a taxable Vanguard account.
So…........
What should I do?
(1) Stay at my current comfortable but commute-laden suburban job since I haven’t even been there one year?
(2) Man-up and make the best of the Chicago weather and look for jobs in downtown Chicago?
(3) Take the risk of trying to “move to a better place” across the country in search of adventure but at a somewhat lower earning potential and higher cost of living?
Your input/advice is much appreciated. Thanks!