Comparison thought experiment: Hiking.
I get about 4 good day- or half-day-hikes/year over the past three years, which is more or less when I started. Say an average of 6 hours each, for a measly total of 72 hours of fun. I’ve gone through two pairs of Merrell trail shoes (~$170 each; I use these as day-to-day shoes as well, so let’s say half their value goes to hiking). I have bought a handful of trail guides and other reference materials ($200). 35L backpack ($200). Backpack first aid kit and the training to use it ($250). Bear spray and paraphernalia ($50). Other incidentals that I might have bought anyway (water bottles, raincoat, lightweight pants). That makes it a $12/hour hobby, more or less, the way I do it.

If I spend $60 on a game, 5 hours of enjoyment makes it an equivalent expenditure to hiking for me. My weekly group meets about 45 weeks/year, and I’d estimate (conservatively) we play games an average of 3 hours/meeting, for a total of 135 hours/year. That would give me a comparative budget of $1620/year for RPGs and board games at the same rate. I’m curious if I go over that or not.