<prompt> Human: Hi all. Im a young-ish lawyer at a relatively big firm in the upper midwest. Salary is 126kyear base. My wife stays home with our toddler and we have another kid on the way. I have 70k left to pay off in law school debt have been paying 3kmonth toward loans.We are considering a move to Tennessee to be closer to the in-laws. The new job would only offer 115k base with comparable bonus. It looks like partners at that firm make a little more than partners at my current firm, on average, though. My wife and I have a home here in the north that we bought for 165k, with about 30k of equity. We remodeled the kitchen and are tentatively optimistic we could get close to 180k or ideally more for it.We have about 25k in savings and 5k in checking.Three questions:1. How much should the pay cut factor in my decision-making process? Would you take the job if it meant being closer to family assume you like your in-laws and they are obsessed with your kid?2. Home prices in Nashville are much, much higher than where we are now. We would need to get a 400k house there to have a similar standard of living. My in-laws have generously offered to make us an interest free loan to subsidize the down payment. If I took the job, could we justify getting a house that expensive? Seems crazy to me, but renting is a very unappealing alternative.3. Are there any other financial issues I should spend some time considering before making my decision?UPDATE:Thanks for all the input, everyone. The firm revised the offer to: 125k base, 8k relocation expenses, 5k signing bonus. Im going to accept! Yikes!  <response>: As someone who lives in a high cost of living area, Id say you hit the jackpot with the salary to house price ratio where you are. Here is what Id be considering.The salary to housing cost thing would be a concern for me. The free money from the in-laws is nice, but at the end of the day, you are going to be significantly increasing your mortgage on a salary that didnt increase. Your ability to save, build retirement funds, or pay that student loan debt off will be decreased significantly. With one income, Id be concerned about building retirement funds.Other financial considerations? What is the rate on those student loans? Will it cost you a lot to keep them around longer? What about health insurance at the new job? In my experience, the cost and quality of insurance can vary greatly with different companies, and could put a good dent in your take home pay for a family plan. What about timeline for making partner? Im not a lawyer, but would staying put help you make partner sooner? Is it easier or harder to move around after making partner somewhere? Are there more opportunities overall in Nashville that could increase your salary even more? Or maybe a smallerboutique firm that could offer work-life advantages? Are schools comparable? Or will you need to consider private schools in TN? I mean, if your in-laws want to see the kids everyday, it sounds like they have the resources to move closer to you...without your financial situation getting stressed. The money you dont spend on that 400k house can pay for vacations to see the in-laws or elsewhere that you simply wouldnt have for a while in TN. 