Join Date: Jan 2017
Location: Florida Panhandle
Welcome! This is a good site.
Like many hobbies, there are "startup" costs. But once you've got most of the big (costly) stuff, the monetary outlay levels out to something a bit more digestible.
It also depends how you want to enter the hobby. What kind of tools do you want to use?
I can make a nice cutting board with nothing more than a hand saw to cut the boards, a hand plane to square and smooth the boards, a combination square, and a rasp to round edges. $200 would get me everything. Storage space could be a drawer. But the method is manual, labor intensive, and slow. On the upside, when we have a power outage, I can continue building! Other bonuses: Quiet. Minimal saw dust (more shavings and wood chips), so it's better if you have health/dust issues.
Alternatively, you could use a table saw, a band saw, and a router. Those costs can get well into the $1000s. Storage space is a full single car garage. But the work is faster overall, especially if you're planning to do a lot of repetitive work.