Should note that's basically the price for a full 1b to yourself in a nice and convenient area in the city. Most people who move here after graduation are probably paying closer to half that due to living with roommates/not in the super convenient and expensive areas.
That's still crazy. I live 10-min walk away from downtown and SLU (where Amazon campus is) in Seattle and pay a friction of that for a nice 1bd (and still think it's too expensive).