I have done this. TWICE.
Well, what I did was move from where we lived 18 miles from my office to 48 miles away. I was going from driving across the top end of the Atlanta suburbs, most against the flow in the mornings (there is no "flow" after 1:30 pm in Atlanta, it's ALL FLOW), to driving 48 miles one-way straight up through Atlanta and back down again in the afternoon.
Then a year later, we moved another 14 miles farther away. So I was at 62 miles one-way. One hour and fifiteen minutes minimum in the morning, leaving at 5:45 am sharp. No wrecks, no weather, I was there about 6:58. Leaving at 4:00 pm most days, at 3:00 on Fridays, I was looking at 1:45-3:00 hours to get home. Closer to 3:00 on most Thursdays, some Fridays. Wreck? Rain? Forget it.
I took another job, closer to home, no Atlanta traffic. Stayed away for about 27 months. Took another job almost next door to my old office, with some former co-workers, different (new) company. My deal was I came in the office on Mon and Wed, possibly a 3rd day of the week, no Fridays. Ok, this worked for about a year. Then came the offer of a 30% raise, but I was wanted in the office M-Th in a more personnel management role, etc. Ok.
I stuck it out another 2-1/2 years. Now I'm back at the place I left before that, same pay, 20 minutes each way, no Atlanta traffic, no real traffic to speak of.
I say this:
1. Really think about what your health is worth. Your health WILL DEGRADE. Why? Because you're spending 2+ hours per day sitting in a car instead of exercising that you promise to do. Your legs will become weaker, you will lose muscle, agility, strength and even balance.
Your knees, hips, ankles and feet will hurt, ache and just degrade. Your stress will go up. You will be stuck in traffic patterns and you will begin to think about how you could be at another job, closer to home, less time in a car. It will eat you.
2. Traffic, drivers, etc. It's never been a more time than now with danger on the roads. Criminally acting people are flooding the roads, insane people, angry people, driving like animals. They put your life in danger. They are on the roads from 5:00 am until 5:00 am. I didn't mis-type that. They are a bigger threat than a "mass shooter" at a mall to you. They are endangering your household income.
Along with that is crime. Criminals running from the cops. If you're not aware of what goes on today, look on Youtube for police chases (pursuits). It's not big cities. It's not there or there. It's where you live. Where I live, where everyone lives. There's a segment of the population that won't pull over for the cops. They simply run, take their chances. Those pursuits will put your life in danger.
3. You're going to wear a car out. You say the pay is the same. Well do you currently make enough to buy a 2nd (3rd) car that has a lot of life left in it to destroy (i.e.: Toyota Rav-4, Highlander, Lexus RX350)? You will have much more maintenance costs, fuel costs, etc.
4. You're going to get stuck in traffic jams. One might last an hour this week, 4-6 hours next week.
I won't do it again.
She will never go back to the long commute again. She got a substantial pay raise just by the gas saved, not to mention the huge reduction in car maintenance, and the fact that the car will now last her many times longer and retain MUCH better resale value with the lower mileage. Did I also mention she's MUCH happier? And we have more time to do the things we enjoy 
