Taking a 15% cut, which allowed us to move further away severely reducing our cost of living, bring us closer to family which can help out if needed. It has reduce stress, ensures that our child doesn't need to be in the care of after school programs longer than she needs. The reduced cost of living, reduction in stress and the flexibility that we're able to offer my wife's employer was made a huge, positive, difference in our lives, well worth the 15%.
it might not be the sort of place they want to live. it also negates a lot of the higher salary argument if a lot more of it is going into paying rent or mortgage.
But for example if your office is Midtown Manhattan, the equivalent lifestyle to own a home for your family in walkable Manhattan vs long subway commute Brooklyn vs longer commuter rail suburbs vs extreme commute exurbs is staggering.
You can buy an entire exurban home for the incremental cost to upgrade from Manhattan 2bed/1.5bath to 3bed/2.5 bath.
My parents & in-laws each have 3bed/2.5 bath homes outside of Manhattan commute range, but within tolerably unpleasant driving commute to Stamford/Greenwich. That is - they are in commuter range of where commuters live / satellite office are located.
The combined values of those 2 homes might buy a single family sized apartment in Stamford, an ok 1 bedroom apartment in yuppie Brooklyn, or a kind of dumpy studio in Manhattan.
A lot of these answers seem to boil down to "I would simply have more money".