No, but the prevailing myth is part of what a previous commenter referred to as the area becoming the new Wall Street. All the carpetbagging MBA types I'm acquainted with who would've gone to NYC/London in the go-go mortgage bubble days are here now. It's the logical place for a talented young person with hustle to go and try to get some.

Some people do but they are expectational and not average. It'd be interesting to know but I don't think there is good data.

http://www.glassdoor.com/Salaries/san-francisco-software-eng...