What a great thread! I'm 37, graduated in May and decided to take a year off. For me and my family, this was the best decision ever. Not only am I glad I'm applying now instead of in the midst of my last (and crazy-busy) semester at school, but taking the time off is the only way I am able to apply where I want to instead of where I have to. My son is 6 and my SO has a long-established, very good job here in a specialized area of his field that can't really be found elsewhere. For the longest time, I was resigned to the fact that I would have to apply to the same school I earned my undergrad degree in. I didn't love the idea, but, it's different for us 'non-traditionals,' isn't it? ;-) I never thought applying out of state would be possible. I think for most of us 'mature' students it's not just the relocation aspect, but the fact that there is no way to do any job hunting ahead of time. Once you know where you're accepted, you make your decision, and then you need to boogie to get settled. The last-minute nature of it all certainly doesn't allow much wiggle-room for finding a job, let alone selling a house if you need to, etc.
I was lucky, and we decided as a couple that we would move anyway after I completed my Masters. From there, we spoke about me applying to my 'dream' schools just to see. In the end, we decided that staying here offered no more security for us than deciding to move. The program here is very hard to get into, not because it's highly-ranked, but because of the amount of applications they receive. Don't get me wrong, they have a strong program for certain aspects (bilingual/schools), but many of the undergraduates want to stay here and apply. They really don't have any experts in my areas of interest. In the end, we decided the best decision was for me not to even apply here. This offered some degree of security for us--we knew we would be moving, so we could plan for that. My SO is extremely supportive and although it was very scary for him to make this decision, he's also looking forward to it. To make it happen, I had to take a year off in between so we could be ready to move when the time comes. In total, I'm applying to 7 schools, all out of state, and quite a distance away. I'm going to apply to my dream program, two other programs that I would love to attend, and a mix of others that are not so competitive. I'm not applying anywhere we wouldn't want to live (we'd rather not uproot our son again right after grad school), and we're doing our best to scope out houses and job opportunities in the areas I've applied.
It's definitely scary, but exciting too! We're prepared to go anywhere; we'll just have to make some sacrifices to do it. In the end, we decided the sacrifices we'll have to make now are worth it in the long run. My SO saw how hard I worked to get the grades in my undergaduate program and wants to see me at least have the chance to go to the program of my dreams. And so do I! LOL. But, even if that doesn't happen, we both decided it would be so much better for us not to have to move after grad school. I'll feel much more confident job-searching with all the connections I've made in my graduate program.