It's not low, it's actually a little on the high side. FAANG compensation packages are very strong in general, but base compensation is rarely above $200k for senior level. You typically have ~$180k for senior level and up to another $200k in RSU and target bonus compensation.

Outside of scenarios involving very specific specializations, everything in my experience (with several FAANG companies) leads me to believe what you're saying about the $200k base figure being met at the entry/mid level is strictly false.