That's kind of my point -- living in Silicon Valley, I'd be paid less than an intern, apparently. Look at it another way - this intern position is being paid more than double the national average salary [0]. Outside of Silicon Valley, that's nuts. Within Silicon Valley, not so much.
Ergo, prices in Silicon Valley are nuts. Which isn't news, per se.
> nearly double the average for where I live
Well, that's probably why