RockandRolldoc makes an excellent point.
The money is really secondary. I got into a school 45 minutes from where I live. But I did not like it at all. I was lucky enough to have the opportunity to visit some schools around the country that I was interested in. That visit was invaluable. All of the sudden there were schools that I had originally thought of as "back-up" schools that moved up to top choice on my list.
I am from l.a. and I could not be happier as a med student in Chicago now. If I was at home, I would be miserable. Plus, being here as opposed to home is actually more conducive to studying. I am away from family and friends, which does make it hard at times, but those same distractions aren't there to keep me from studying.
And it is a priceless experience to live in another area for four years.
Another key point to identify is also what the school has to offer you as a student. It might not seem like a big deal now because most people have the goal of just getting in somewhere. But once you are in, and once you are settled in as a student, little things that the school has for you can make a huge difference.
Those little things could be on-campus housing, meal plans, intramural sports, all the up to clinical rotation sites and number of electives.
The saying that says "in the end, you're still a doctor" is true, but the journey along the way can be quite dynamic. So try to have questions for the school that will answer your own personal needs and/or desires.