Yes, it is a weighted average. Below is how they come up with Average Net Price.
The above is from College Navigator, which uses the same source of data as this report.
Edit: see the following link for an example of total expenses living off campus vs. total expenses living with Family ($16,600 vs. $8,340) at a Florida CC (“State College”):
http://nces.ed.gov/collegenavigator/?s=FL&ct=1&ic=1&id=133702