If you will allow me to introduce myself, I am a millennial who graduated college within the last decade. A few years ago I moved back in with my parents to save money. Within this time, I pursued an advanced degree and leveraged it to land a well-paying remote job.
Now I am thinking of moving out (again) to a lower cost of living area but am hesitant to incur additional expenses like higher rent. It would be money I am not saving. What are your opinions on this?
Usually, at what point does it make sense to move out of one's parent's house?
For additional context, my parents and I live in an expensive costal city with plenty of well-paying jobs. Why I choose to keep living with them has perplexed a few friends and several dates. I have never understood the fixation in American culture on moving out right after finishing college, especially with the high cost of living in certain metro areas.
I've highlighted a part of your original post, OP, which resonated with me, as I was in a similar boat not too long ago.
For context, I'm in my late 20's living in the US and moved out a year ago. I come from a South Asian household, so we share a fair bit in common.
What I found was the math will never support you moving out - that's obvious. And your cultural preferences are more important than what the "American culture" prefers.
That said, you mentioned friends and dating, and I will say that if you're planning on dating those outside your culture, this is likely going to be a deal-breaker for most. There are some American men/women that will date you seriously while you're living at home, but my experience has been most don't prefer that at all. And when/if things become serious with someone, this may ultimately be a sticking point.
I found (as you're probably finding) the decision is less a financial one and more a matter of your preferences and goals. If you think you're going to want to pursue relationships with those outside your culture, you'll likely have to make some tough choices.
OP, more than one poster seems to have assumed you are from an Asian background, but I didn't see any reference to that in your posts. Did I miss that?
My perception from reading is that you're from the US, but are still more uncertain about social mores than some. In other words the uncertainty is perhaps a personal matter, not from a difference in cultural background. As someone who myself has been sometimes uncertain or unaware of social mores, often to the point of being labeled autistic, I can relate to this. I apologize though if I misread the situation!
Personally I think this thread has given many answers - a set saying of course move out, and a set saying it depends - that are all excellent to a point. Still there are subtleties that could differ if your personality is unusual, especially if you're someone like me who doesn't read social cues in an average way. In case you're similar:
1. You're looking for a partner/mate/etc - whether you move out depends on who you're looking for. Numerous answers from thoughtful women, among others, correctly show that many will screen you out for living at home. A few might accept you, including just the right person for you - but you probably have to explain yourself just right to succeed if you stay at home. Moving out gives you more chances, and more leeway.
2. You could have problems in either case but they'll be different problems!
a. If you stay home, you'll:
i. have fewer choices to make because most will have already rejected you.
ii. benefit because some of the rejecters will be pretentious people who were wrong for you anyway; that's good news.
iii. lose because some of the rejecters will be possible real mates, and you'll miss them, maybe forever or to the point of never finding someone
iv. perhaps need to hustle or extend yourself in some way to reach the right person who was screening you out
v. perhaps need to screen out weird people who accept you as is, but they have their own problems that end up making them a bad mate for you
vi. perhaps find that the right person doesn't screen you out, but you need to explain yourself clearly on your reasons
b. If you leave, you'll:
i. Pay more and maybe get nothing for it
ii. Still find dating to be confusing, tricky and difficult unless your skills are much better than mine
iii. Be of interest to a larger number of "bad" dates as described in a.v, needing you to screen them out sometimes
iv. An example of b.iii is you could find someone who wants to take advantage of you and your space
All that said, in either case, you have a chance to find someone wonderful. Your odds are much better in case b, but they're nonzero in each case. Both cases still require you to reach out, be an increasingly good/active person, socialize, make decisions, and most of all express your individual self to find the rare person who really suits you.
Another benefit of moving it is that you may find someone who's not interested in something permanent, but if you give them a chance, they'll expand your life by spending some quality time at home with you. That may not be part of your plan, but sometimes valuable growth occurs if you explore the possibilities when they occur. You won't see them until you move ahead and discover what happens.
That said, if you're secretly confident of what's right for you, following your gut is a sure way to stay true to yourself. Your current self, at least. Good luck to you, whatever you decide.