That's a large reason of why I've stayed in the Phoenix area, though I think about leaving every single summer. The engineering pay is about 2/3 of SF area, give or take, but cost of houses are around 1/4 or so. It's rough thinking of a lateral move in salary, or not enough of a boost to overcome cost of living differences.

Of course housing costs have gone up significantly relative to pay in the past decade, so who knows.