I probably spent half that much just on content for my Rift just to start. I mean, it's all relative.The new Vive is pretty pricey and IMO not worth it unless you have money to burn.
The Rift is way cheaper and not a whole lot less quality resolution than the new Vive. It is a great entry into VR as well as the old Vive.(I think the old Vive is priced good still?)
I think the new Vive is over 1K for it all?