That sounds about right for US $$. Also, don't forget building materials, like glue, a good sharp hobby knife, small clamps (cheaper at the harware store), etc. The initial startup may seem pricey, but not when you consider what you get out of it in the form of long term enjoyment, and the pride of seeing your planes fly.

Enjoy your new hobby, and welcome to this great sport of ours. :thumbup: