I live about 2 miles from work. I left my job last year for another that came with about a 40% pay increase but involved commuting by car over an hour each way and working a lot of overtime and being on call 24x7.

Two weeks later I called my old boss and was lucky enough to get my old job back. Call me crazy but living 2 miles from work and having a set schedule were more important to me for my quality of life then the extra money. Living in Los Angeles and never having to get in my car is priceless. I also save a lot by not paying for gas and sharing one car with my wife instead of having 2 payments (wife doesn't work) and my current job has great benefits and is a very stable company. So everyone's situation is different but for me working close to my house was the deal breaker