My first job post-PhD was a contingent faculty position. It was not well-paid and the work was grueling, but it allowed me the freedom to pursue multiple professional paths that interested me beyond the professoriate.
*Wipes sweat from brow.*
Try to answer these honestly for yourself without the reward of outside validation or recognition.
If it is living wage, that is OK!
Keep your answers close to you as you apply for positions, and consider aspects of fit as you cope with rejections.