Just how good is the Bay Area for finding entry level jobs/internships?

I'm a rather mediocre candidate. Went to a top CS school, but got a 2.6 gpa, and no internships. I always heard that the Bay Area has the most jobs. But after applying for most of the entry level jobs and insternships that have been posted on LinkedIn in the last couple weeks for the Bay Area (and stating on my resume that I'm living there, since I have a brother living there), I get the feeling that there are so many high level candidates that my resume is just getting passed up. I'm going to keep applying to places here, but I was wondering if there are other markets near the west coast that I may have better chances at, such as Los Angeles or Seattle, or maybe even just a company in some town in the central valley, CA.

As a side note, would a not humoungus company even bother giving a relocation stipend for an entry level job or internship?