I just took a pay cut of about $7000 to be 45 minutes closer to home. I hated (with a H) my old job. Less stress = happier me. Which makes everything better.
If this is a more prestigious university, wouldn't that be better on the resume in the long run? Have they been giving raises yearly? Can they use a review at some point in the next year to give you a bump in pay if you are doing a great job?
Money isn't everything. Destress your life. It isn't worth it in the long run.