Sure it does. Higher median income in a given area means the costs of nearly everything go up comparably. Look at the cost of living in a place with a six-figur

Sure it does. Higher median income in a given area means the costs of nearly everything go up comparably. Look at the cost of living in a place with a six-figure median income and compare that to the cost of living somewhere with a $30k median income. The students have to live there so the cost of living is what matters, not trying to make it look marginally (and artificially) better by excluding people who earn more because they're old.