I've heard this anecdotally as well. I've also heard that companies are willing to pay big money to get you in from other tech hubs only to screw you down the

I've heard this anecdotally as well. I've also heard that companies are willing to pay big money to get you in from other tech hubs only to screw you down the line on bonuses. It's tough to justify a raise at an Atlanta tech company when you're the guy or girl who's already paid more than everyone else. Also, people overestimate the effects of cheaper housing. Yes, cheaper housing is nice but one has to remember that lots of things cost the same no matter where you live. Food, transportation, travel, and education costs are mostly static across the country. It's important to factor that in and not get dazzled by the fancy house or condo you can suddenly afford.