It certainly can be done much cheaper, and bouldering alone is about as cheap as it gets. I live near Squamish and it's known for multi pitch climbing. People w

It certainly can be done much cheaper, and bouldering alone is about as cheap as it gets. I live near Squamish and it's known for multi pitch climbing. People who just climb sport spend ~$400/year replacing gear. It's probably not the same everywhere, but lots of long climbs and rappels will wear at your rope. Even faster if you're taking falls on it. I know people who have only ever bought one rope, but they don't climb very much. Personally I've been climbing outdoors for almost 3 years now and have had to buy a rope every year (2 ropes one year actually). I realize I'm not 'typical' of a climber, but I've probably spent $9000 USD total on equipment in the time frame. Mostly new equipment, but also mostly on sale 20-30% off retail price. But even the 'dirtbags' I know may save money by not paying rent, hitchhiking, living in vans, or camping, and still can spend $400-600 a year on climbing equipment