Unless that $150K included tons of RSUs you would still be better off taking the lower pay and not paying the Bay tax.

If you are not looking in the Bay then you will probably still come out ahead by not spending 2 hours a day commuting.

$75/hr * 2 hours/day * 262 workdays/year = $39K/yr lost commuting. Not including the actual costs of commuting (car, gas, tires, parking, sanity).

So outside the Bay it works out about the same assuming you don't generate any additional revenue in the two hours you would have spent commuting.