I have what might be a very good job offer in the Bay Area. Not going to reveal with whom, but it's in the vicinity of Mountain View.
It would involve relocation to Silicon Valley, so evaluating the possibility of living there is a major part of evaluating the offer.
First, some background: I love tech and love to build things, but I also love other things too. I have a family and a five month old baby, and my wife wants to stay home while our kids are young and I support this as well. I am quite interested in developing my career, but I have no interest in becoming an unbalanced workaholic. I also want to have a life, pursue other things, and spend time with the people I love.
It's not the job I'm concerned about here. It's the real estate hyperinflation of the valley and the culture that this engenders.
So what I'm looking for is: if I want to lead a balanced life with a family, where should I live? Is there anywhere in the Bay Area (commutable to Mountain View in <30-45 minutes) that isn't unattainably expensive and where my wife and kids would feel comfortable living?
I'm looking for cultural insight, since financial insight is something I can do myself. I've already made a number of spreadsheets.
Edit: I'm more interested in the long view-- in neighborhoods we could eventually call home. I'm interested in areas where being a stay at home mom for a while isn't terribly weird, where our kids would have other kids to play with, and where the cost isn't so astronomical that it's going to eat up any advantage from the job's compensation.
The cheapest rents within a reasonable commute of MV are going to be in East Palo Alto. These are still ridiculously high (compared to other metro areas), and the crime rate there is the highest on the peninsula (still very tame by most big city standards; I've never been in another metro area where most residents don't really in their gut understand what crime is).
Many people put up with the commute from the east bay, and Union City/Fremont can save you a few hundred dollars a month on rent. Run your hourly rate against the hours spent in traffic and the east bay probably comes out behind. If your wife wants a social life while she stays home, there's probably a little bit more of that in the east bay (from personal experience, there's just not very much room for that in Silicon Valley- nearly everyone's there to work to make the rent or mortgage).
Best wishes- if you're coming from a smaller place you may find your perceived standard of living is quite low for the amount of wealth and income that everybody seems to have.
In order to guide you better, may want to give us an impression of what metro area you're coming from.