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I don't think this is the comparison that you're drawing, but I'd like to point out that my current iPhone SE has been doing well for three years (other than a battery replacement), and I think it has at least one more year left in it. So it's not just the top-end phones that have staying power.

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Another dedicated (first-get) iPhone SE reporting in. It did desperately need a battery replacement but it was only $50. I have noticed that increasingly apps and websites aren't designed for such a small screen, even Apple's first-party ones.

That's fair, though I'd think refurbished phones won't do quite as well, but who knows

That depends a lot on what's meant by "refurb". I've had some that had had a screen and battery replacement, and they work and last like new, as they should. I've also had some that were sold as "refurbished" despite having had, at most, a wipe down with Windex to get the fingerprints off. Those don't do so well, but if you're handy, you can do your own refurbs with $80 in parts and an hour or so of work, and get the same like-new result modulo whatever damage exists to the case.

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