It's true, cost of living is higher, but so are salaries, generally. I don't think getting a job in the banking sect would be terribly hard, there are quite a few banks here. As for housing, I'd stick with something in the valley, it tends to be quite a bit cheaper out there, although it isn't quite as scenic. At least you've got the glacier!
The other place you might consider looking is way out the road. The views are nice and places tend to be cheaper, but you'll definitely need a 4WD car to get out there! That's why so many people have (very dirty) subarus around here!
