There is a long history of Company Towns in the United States. At their peak in the first half of the 1900's, about 3% of the population lived in one.

At the time, it was seen by the industrialists as a way to raise their workers into the middle class. "Paternalism was considered by many nineteenth-century businessmen as a moral responsibility, or often a religious obligation, which would advance society whilst furthering their own business interests. Accordingly, the company town offered a unique opportunity to achieve such ends."

"Although economically successful, company towns sometimes failed politically due to a lack of elected officials and municipally owned services. Accordingly, workers often had no say in local affairs and therefore, felt dictated. Ultimately, this political climate caused resentment amongst workers and resulted in many residents eventually losing long-term affection for their towns."

Perhaps it is time for a new company town concept being pushed by one of the big tech firms. Apple, Microsoft, Facebook, or Google might be able to pull it off. It could also be a test bed for their new technologies.

[*] Quoted paragraphs lifted from https://en.wikipedia.org/wiki/Company_town

1) Facebook or Google already have offices in Seattle, Los Angeles, Austin and other lower-priced locales.

2) The moving scenario works great for single people with no attachments, less so for married people with non-Facebook and non-Google spouses, even less so for such married people living in a school district they like.

3) Even with a single non-attached engineer, how many are company men dreaming about retiring from the same company they work for nowadays? How many are just using Facebook/Google as springboard for their "next step", be it a switch to another large company, fast-growing startup or doing your own startup?

4) If you're not independently wealthy, you want to hedge your bets. Being let go of an engineering job in the Valley is probably less onerous than being laid off from software engineering field in Detroit, as far as job searches, networking, and sacrifices one has to make.

Because money alone isn't enough; you need good schools, roads, and other public services.

Do you mean Portland? It's a short flight from SF, in the same timezone, and has a huge software culture.

But even Portlanders are now complaining about the tech industry taking over and driving up rent.

Because the Bay Area has a lot more attractions than tech jobs.

One reason is because Detroit has 24x7 winter -- in the Bay Area it's a 4 hour drive to winter so you only experience it when (and if) you want to.

Well, Google and Facebook are both extremely profitable, so the wages they are paying their employees aren't hurting them at all.

That number is for all apartments (http://blog.sfgate.com/ontheblock/2015/06/02/san-franciscos-...). So this lumps in studios, 1 BRs, 2BRs etc. When you consider that it is (slightly) less crazy. However the median rent for a 1BR is still $3,530 (http://sf.curbed.com/archives/2015/09/03/san_franciscos_medi...).

More anecdotally it is basically impossible to get a studio for less than $2k or a 1BR for less than $2.5k-$3k. I pay ~$1700 but have 1 bedroom in a 4BR apartment. If you are willing to live with roommates rent can start to become "reasonable" (assuming a $100k+ salary), but you're kind of screwed in SF proper if you want to be on your own and pay less than $2k.

Your post suggests you must be single, probably living either with your parents or with roommates. Perhaps 75k works if you are in the above two situations, but not otherwise. Consider that 75k, after taxes will be 50k. Assume you are saving zero for IRA/401k, you still have other costs -- healthcare premiums, car/bus/train fees, etc. Oh, and food. Doctor co-pays, dental co-pays.

Now if you are married with kids: 1. Hospital co-pays, premiums, co-insurance, $45 drug co-pays, everything comes to about $5k/yr if you are just moderately sick. 2. You cant live with roommates, you actually need your own home. Can you imagine raising a family with roommates? 3. You def need a car, possibly two.

Forget about saving up for a house, most will be $1m+

Some people will say -- "oh, you are married, now you have two incomes" -- sure, until you have kids. Then most of your second income goes to child-care, and in the early years, you will pay MORE for childcare than you earn!