So....I will say I did turn down an inpatient, clinic/staff hybrid position on the east coast in order to pursue a residency in California.
But the calculus behind my decision was 3-5 years on the east coast, take BCPS, THEN move, or move first, gamble on getting a job post-PGY1. Ultimate final goal was to return to the west coast (lots of overriding personal reasons which I won't detail here, that and I like the beach, PM if interested).
Financially, I'm unable to quickly model exactly what it cost me to do this, because I had/have a) a relatively high paying residency, b) a +$58,240 salary difference over what I would be making on the east coast at 3 years post-PGY1 (estimate only, I can't know with certainty what I would be making now had I stayed), c) wildly different costs of living & tax structures (I have a car and drive to work vs. I'd probably have taken a cab/Uber to work every day back east).
I'm lucky in that I found dream job type employment immediately after PGY1, not everyone can say that.
Even with my situation, I would still reaffirm taking an inpatient job at a supporting & clinically advanced facility* over the gamble of PGY-1.
*clinically advanced does not mean tertiary institution, it means a place where pharmacists get to challenge physicians, mingle w/ nurses, be involved in decision-making, do kinetic dosing under protocol, etc... (not just be yes sir/yes ma'ams and fill as ordered). This can be a 25 bed critical access hospital in the middle of nowhere, or it can be UCSF Medical Center.