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Hey Lee,
I can't answer specifically for Travis area, but you are right about high rental prices. The market is definitely softening, but still expensive. I would say that for $1500 you can get an average 3/2 kind of house, maybe more. Utilities are not so bad if you don't run the A/C all the time. Travis area is basically central valley territory, so it gets hot. A lot. Depends on you and what you like/can handle.
The good news is that you would be centrally located to a lot of great things. Beach, go west. Mountains, go east. The bay area has every possible resource available, just have to deal with crowds....
Anyway, I would go online and dig around a little and see what's out there.
-Chris
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1987 Guards Red Targa (sold)
2006 Toyota Tundra DC 4x4, the "man-e-van"
1998 CR500
Well on the fringe......
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