I used numbers that are reality to me. Plug-in your own numbers for comparison.
For a 10 minute commute today, I would have pitch in another 100K for living. My experience at the moment is working 5 years for same client/location on average.
P.S. If I move out I can reclaim some of that 100K, some go to tax, fluctuating prices, I don't calculate inconvenience of moving and stressful location etc. details.
What location are we talking about?