Have an internal promotion opportunity, and looking for a sounding board. Married, 2 kids under 5yo.
Current role: 130k, 20% bonus, minimal travel. MCOL, great education , in a city so good amenities . Took this role a year ago to be nearer our family. The town we moved from is the place we lived for nine years.
Opportunity(same company): 170k, 30% bonus, stock equity, minimal travel. VLCOL. This role is in the same place we moved from. It is familiar to us and we still have friends and a community there.
The cost of living alone will save us around 30k/year. The biggest downside is that we will be moving away from our extended family, which is why we left the place in the first place.
This is a big growth step as far as my career goes, and would pay big dividends to our future with the amount we could save and invest. Our families would be heartbroken.
Any considerations are appreciated.