Most research studies on migration see the latter as a move from one geographic area to another. Taking into account distance in our analysis of young French workers' migration from one local labour market to another, enables us to evaluate more precisely the migration decision, and approach it as a cost-benefit trade-off based on the distance travelled. We find that the wage returns to migration are nil for the most highly-skilled young workers, leading us to consider that these workers have to conduct their job search on a national scale. We find that, on the contrary, the less-skilled workers get a positive return to migration. Another noteworthy result is that the benefits from migration are a function of territorial characteristics.