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I live in the valley, we are completely overwhelmed by people moving from the bay to the valley right now. I don't have numbers on how many people leaving SF are moving within state vs out of state but I would not be surprised if it's a large portion.

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Staying within 1 to 2 days a week commute to the office range keeps you from getting a 10-20% pay cut maybe?

Pay adjustments aside--and those might absolutely come into play with lower cost areas of CA as well--it's not hard to imagine that: 1.) Some people might want to remain in CA for various reasons and 2.) Pay considerations, there's something to be said for being able to drive to an office now and then rather than having to get on a plane.

If I were to work for a bay area company again, I'd definitely want to be in California. In the rest of the US, I'd be concerned about overreaching non-competes affecting my ability to create side projects and tutorials.

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