Niuoka,

I was faced with this very same thing about 6 months ago, and feel your frustration. These are your options:

1) Turn down the job, keep your current lifestyle
2) Take job, car commute, enjoy the increase in $$ and ride weekends
3) Multi-mode - although it probably wouldn't happen because you'll be wiped from all the driving
4) Move closer - also probably not likely, if it's a short term contract

I turned down a $40k raise, because it would have been 74 miles each way/per day in a car... and I loved cycling to work. 6 months later, I was offered a local job with a $20k raise. Which turned out to be the same as the $40k raise, because the long commute position would have required a ton in gas and car maintenance (and sanity). Life isn't all about money, but money can buy you bikes. However, if you spend all your time working, there's no time to ride and enjoy family. Find the balance.

Think it through. If you are married, talk it over with your wife. Decide what's important to you. If you really want the job, as in, it's your dream job, go for it. If it's just about money, you may want to reconsider. You could also accept it, but in the meantime, continue to look locally for a local, more lucrative position.

Anyhow, good luck in your decision. Let us know how it turns out !