Fair enough.
My job pays enough, barely, but enough. That said I love my job. My boss is awesome, my co-workers are excellent, perks are decent.
I flatly refused offers (same company even) unless they had a minimum 20% premium above what I make now.
That's what a good job is worth to me.
If (in OP's case) it's closer to home and your commute costs saved + that 10% raise == 20% then I'd consider it (based wholly on my model).
To knowingly go into a job that sucked? only if I knew I was losing my good job, or the pay was 7 digits (absurd? sure, but that's what it costs to lease my soul. two years at that then I can retire if I do it right)
-nB.