As an example, here's my costings:
Bought a 4 foot tank, sump, deltec skimmer, fluoro lights, heater, eheim 1060 return pump, about 40kg live rock with various soft corals and about 8 fish/3 shrimps for $1,400 (bought 2nd hand) I estimate this new to be around $4,500. I also aquired a 3 foot tank free which will become my refugium (or new sump, havent decided which yet). I have also bought/budgeted for the following (mostly 2nd hand) stuff too:
Hallides $400
Temp controller $200
Chiller $850
Closed Loop $270
More Rock $280
Calc Reactor $600
CO2 System $300
Dosing pump $200
Corals $400
Test kits $100
That totals $5,000 exactly. Ok, so I get a couple of bucks back when I sell the fluoro's but that goes towards a refractometer - a "luxury" item perhaps but something I'd like. Not all the above are needed of course (eg: chiller) but most items I define as "highly necessary", eg: if we have a hot summer, temperature controller plus chiller is going to come in real handy