Depends where you are looking. I know of lots of local startups that are paying developers far less than that. You need to have a sexy product and convince people that you are changing the world.
In Government developers are often working on complex. boring systems that use 20+ year old tech. You have to pay people lots of money to want to waste their brains on that! Those are the jobs that having them on your resume actually detracts from your value.
When I left the LTSA as the technical services director in 2011 the BCG was in the process of finalizing and selecting the winning bid to move away from the primary mainframe then prevalent in their IT environment. The better part of a decade later and I come back now working for a major service provider in partnership with the MoH among other government entities, and discover the "mainframe migration" still continues in 2018. Many, many ministry applications continue to reside on the mainframe even now.
As for older systems CICS - first developed 50 years ago - continues to be a staple middle-ware not only for the BC government but also major financial institutions and Fortune 500 companies throughout North America. In my current role I utilize it virtually every day.
From 2008-11 I can still recall signing off on some giganormous invoices for developer resources we contracted to at LTSA, who primarily sub-contracted through Fujitsu, and who were experts on CICS and DB2, which was/is another government back end staple (IBM database) system dating from the early 1980's.
Those resources commanded massive consulting dollars simply because they were hard to come by and were critical not only to maintain the existing production environment but moreover to assist our org in porting Land Titles away from those old legacy applications. At one point I tasked Fujitsu with providing us with 1-2 additional CICS SME's and it took them nearly six months to come up with a single satisfactory, qualified resource - who they had to transfer here from Montreal.
To this day many ministries and related BCG agencies still do not utilize VoIP telephony mainly due to financial and budget constraints involved in rolling out that technology. When I arrived at LTSA in 2008 they were using 25++ year old Bell Northern PBX-based desktop/ office phones. When I called in the TELUS guys to see how I could produce reports for my boss off the phone switch, the two young dudes who showed up had not a clue how to configure that ancient switching technology to accommodate my request. They literally shrugged and walked away totally mystified and glassy-eyed, lol.....