Exactly. The housing market is most affordable where job market is the worst. Housing prices follow the job market.
Yes, nicely said.
Upstate NY is a good example of that.
There's a healthy balance though. In some places, you can get a job tomorrow, but finding a place to live you can afford might be quite impossible. The middle markets are probably best overall.
If you click the link, you'll see that Los Angeles, one of the least affordable, has LOWER average household income than Akron, Ohio, one of the most affordable.