I have a very modest recording setup. Excluding the computer I spent Less than $360 on my setup. I am getting a pair of used Samson C02 SDC mics for $35
Computer
Lenovo Laptop with Intel i3/4G RAM/500G HD (not dedicated DAW computer)
DAW
Reaper/Audacity
Mics
Blue Yeti
Samson C01 LDC
Monitors/Interface
Samson GT Monitors with built in 2 Channel interface
Headphones
Monoprice 8323
AKG HP40
100_3121 by
Bohdan79, on Flickr
B Stock Crew by
Bohdan79, on Flickr