I totally agree with pricey housing. It's common in almost all west cost states. But I think we need to take into consideration average income per individual as well.
For example I work in IT business which is widespread in region. If a Seattle company pay me better than a Chicago company (where I was living previously) honestly I don't care about pricey housing. And in general the companies count on costs of living in a specific state.
But adversely if you make same money in relative to a state with a lower cost of living and housing, obviously it wouldn't be a good deal. So all depends to the terms of your employment (income).
Hope you make a best choice for yourself.