I know I'm under a $1000 easy
I'm curious about how many days a year do you fish? You must have had to buy lines a couple of times. Wading shoes don't last me more than five years. Higher prices waders go for $350 - $500. I probably bought two pairs over the past ten years. What about flies? Even if you tie you need hooks, material, other stuff. I guess it is a matter of degrees. I fish 80 - 100 days a year and admittedly I like to buy stuff just because I can and not because I need it.
I've went through a pair of cheap neoprenes with boots attached. Those were covered in silicone when they went in the trash. A cheap pair of frog toggs waders. I've had my Simms replaced for free once and hopefully they'll do it again. Got to get in contact with them on that. Got a back up pair of waders this year for $140. I just got my second pair of Simms boots this year, first pair ran me about $150 I think, the new ones $200.
As for tying stuff, a lot I bought at a local shop that charged reasonable prices. 25 hooks for $3-4 a pack. Their stuff was easily 25% less than what I could get it for anywhere else, at that time. I don't have exotic feathers. Just the basics. I also don't have a lot of tying material. I don't try to tie everything under the sun. Got about 6-8 patterns of dries in various sizes I use. Same with nymphs, not a lot of patterns, about the same or less. I practically never use streamers although I should, I have an abundance of material for that. I also don't tie just to tie. I carry two fly boxes, one wets and one dries. I have a back up box that I don't carry, it's big.
Those guys at the fly shop sold me a Regal type vise for $30. Works great for me, I dont need a super duper $400 rotary vise, my flies look as good as anything out there. I don't tie anything smaller than an 18.
When I was new to trout fishing I was on the river twice a week every week until winter. The last couple years I haven't been out anywhere near what I want. Got a house that needs a lot of work and I got a dog about 5 years ago and that slowed me down too.
The most expensive rod I own is a Cabelas combo I love that ran about $200. I got a couple rods less than $50 each when I started. One is a 7' 5wt that I use all the time on small creeks. The other is a St Croix 9'8wt that I don't use, action is too slow. So I bought another 8wt and I spent around $60 on, if that. So, I only have 4 fly rods and one doesn't get used. 8wt for steelhead and salmon, the other two for everything else.
I built a spinning rod that cost me $125 and I thought that was way too much. I broke it and wasn't too happy with myself about it. I don't want to carry a rod that's several hundred dollars. I'm on another fishing forum and I see these guys debating between a couple $8-900 rods and I just shake my head. No huge fish or number of fish to me can justify that. I would probably quit fly fishing if I busted one of those or got it stolen, I'd be sick.
I buy only what I need. That goes for quality as well. My equipment doesn't keep me from catching fish.
I could spend that kind of money, I can afford it. But it wouldn't change how many fish I catch and the fish don't care if I'm casting w a $1000 set-up or a $100 one.
You out fish me by a long shot for days on the water. I wish I could be out there that much.
I will say, I'm impressed by my Cabelas combo on the power and ease of casting it has. It has made me think of getting something better for steelhead and salmon. I walked into Cabelas about a month ago with several hundred bucks in my pocket to spend on whatever. All I walked out with, a new thing to hold my floatant on my vest.