I recommend staying out of CA. With your professions, you could easily make $180k per combined, in the right areas. But the median cost of a home would be $1M plus. You'd have to live an hour away from the areas where you work, and the schools would be REALLY bad.
Take, for example, Monterey. Houses are $1M plus, but the wages are much lower than the Bay Area. Try living in Salinas? The murder rate is 10 per 100,000 last year, down from 17 per 100,000 in 2013. The US average is 4.5 per 100,000. Oh, and the schools are rated 4 on a scale of 10. Watsonville is even worse.
Everyone I know is moving OUT of California for the affordability and school quality. Unless you make more than $300k per year, don't even think of it.
In your shoes, since you both have portable jobs, I would consider moving overseas to teach at an American school. That would be the adventure of a lifetime, and your kids would have a very broad view of the world.