Unfortunately, in a group made up of myself and Jeff Bezos, our average net worth is $90 billion. Jeff does a lot of work in that average though. In the same way, it's very possible this person is in an area where the cost of life is absurdly high and the actual price of homes where they are is not reflected in the average, due to the dream that software engineering is massively profitable, which increases the cost of life, which makes the need for a massive salary higher, which...
This phenomenon is real, and the best way to combat it is to Go Elsewhere. I'm still in a pretty expensive spot. But I'm very comfortable having somehow managed to never work for a big-tech-payin' big tech shop.
There's a lot of great places out there. Believing that we have to all cluster around a few cities is pretty bad for us.
Why are you living in the high COL area? There are more developers working outside of Big Tech/FANG/West Coast than inside.
The West Coast does have a higher employment of Software Developers per 1,000 people. Especially SF/San Jose. Texas seems to be increasing more than other areas outside of California and Washington.