I don't know why SF is so popular. It smells bad and is always cold.
Atlanta, for instance, has way more culture (rap, hip hop, country, hollywood) and diversity (of race, wealth, background, career, etc). The food scene is phenomenal - I follow people on Instagram to find out where the trendiest midnight pop-ups are. Music is everywhere. Art permeates. It's about as far from a monoculture as you can imagine.
I own a huge home in the city and pay less on my mortgage than people in SF pay for rent. It's a cool hipster place too - 1800s cotton mill with 20 foot ceilings. A couple of my coworkers have fairly large machine shops in their homes. Space is practically unlimited here.
Food is cheap, rent is cheap, but the experience and lifestyle exceeds expectation.
I work for a tech company and make the same wages y'all do.
The only thing that sucks here is transit, but I live on the Beltline and walk/bike everywhere, so it's not so much a problem for me.
I feel like tech needs an exodus from SF. A lot of the money for innovation is just being handed over to landlords.