Nearly half of workers say they are willing to accept a pay cut to be able to work from anywhere, according to a survey by FlexJobs.

With the high demand for remote work and competitive pay, FlexJobs’ 2024 Work-From-Anywhere Survey found that 26% of people would accept a 5% pay cut, while another 24% of respondents would accept a salary decrease of 10% or 15% if they could work from anywhere.

“Return-to-office mandates are largely responsible for the growing divide between employers and their workforces,” said Toni Frana, lead career expert at FlexJobs. “But as we’ve seen on FlexJobs, many companies are adopting work-from-anywhere arrangements and creating more opportunities than ever before for workers to find a career that offers the location flexibility they want.”

Among generations of remote workers, the survey found that millennials showed the highest willingness to exchange key job factors such as salary, chances for professional development and increased working hours, for a remote job without location restrictions. Only 31% of millennials said they wouldn’t give up anything for a work-from-anywhere job, compared to 41% of Gen X and 50% of baby boomers.

Furthermore, the survey revealed that fully remote jobs were also a key factor in relocation among workers.

In other findings from the survey: 75% of respondents said they would “definitely use” a work-from-anywhere policy if provided by their employer. Given the chance to work remotely full-time and without any location requirements, 40% said they would consider relocating to a different city, and 41% said they would consider moving to a different state. Although 39% said they would not relocate anywhere, 28% of respondents said they would consider relocating to a different country entirely.

The survey included 4,240 respondents. Of those, 73% were women, 25% were men and 2% preferred not to identify. It took place between Feb. 6 and Feb 19.