Correct, I work for a bay area company and based as telecommute employee. Fortunately, I get a bay area salary and have lower living costs here in San Diego than the bay area. I have San Diego tech firms all the time trying to lowball me for jobs. Pay here sucks compared to what bay area firms pay. And the commute would be hell.
I wonder how engineers afford to buy a home here? A 100k salary does not compute into even a tiny 2-3 condo down payment and mortgage payment.