During a surface interval I added up the retail cost of the gear I wore on a technical dive last year and came up with roughly this:
Back gas regulator -(2) $1000.00
Deco regs (2) $500.00
Deco tanks (2) $280.00
Primary tanks, steel (2) $580.00
KM-48 mask $350.00
BP/wing/harness $500.00
Jet Fins, $130.00
Dryusit, neoprene $700
Hood, gloves, $70.00
SPG (2) $200.00
Bottom timer $300.00
Reel $130
Finger spool $35.00
Lift bags (2) $180
Wrist Slate (made it out of PVC pipe) $5
Total = $4960.00
That does not include tax, training costs or the other 10 tanks (8 back gas and 2 more deco tanks) I have set up for technical diving, or the other BP/wing/harness I use for warm water dives. And I dive independent doubles, if you use a more conventional configuration, plan on spending at least $200 per manifold. Plus I like neoprene drysuits, if you go the tri-lam route plan on spending $1500 for a suit (and you can spend up to $4000 for a custom DUI dry suit). It also does not include all the other do-dads like gas analyzers, deco software, etc.
It's a fairly expensive sport and even if you can get some very good deals, plan on investing $3500-$4000 on the basics if you go the "new" equipment route.
Used equipment can save you a lot of money but you need to know exactly what you are buying. With used regs stick with brands that offer both perfromance and long term parts support for discontinued models (Aqualung and Scubapro). For example, used Scubapro MK 10's, Mk 15's, Mk 20's and Mk 25's are commonly available and make good backgas choices. Used Scuabpro Mk 3's, Mk 200's and Mk 2's are also commonly available and make very good deco regs.