Maybe I am off base, or my calculations are wrong, but 110k (60*1.3+22+10) for a "Master" level engineer in San Fransisco seems amazingly below market, especial

Maybe I am off base, or my calculations are wrong, but 110k (60*1.3+22+10) for a "Master" level engineer in San Fransisco seems amazingly below market, especially when a "junior" level engineer is making 92k.