Have a potential big 4 offer from another firm in another city (waaaay higher cost of living that doesn't translate to a net raise for me necessarily) I don't want to move or take it but is there.....

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Only if you're serious about moving. If you're not don't waste everyone's time.

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Contd a way to use it as leverage to get a better raise

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Probably not. It's in a different market so the firm won't view it as a comparable offer. As you mentioned it's in a way higher COL market and doesn't amount to a net raise.

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Do no risk it for a few thousand dollars

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I guess it's not a massively higher COL (high COL by EY standards in the US to London). But yah that's what I was thinking. Should I continue pursuing the opportunity to see what they offer?

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