Used to think about this often because I had a side hobby of building and selling computers for friends and coworkers that wanted to get into gaming, but otherwise had no use for a powerful computer.
For the longest time I could still put together $800-$1000 PC's that could blow consoles away and provide great value for the money.
Now days I almost want to recommend they go back to console gaming. Seeing older ps5's on store shelves hit $349.99 during the holidays really cemented that idea. Its so astronomically expensive for a PC build at the moment unless you can be convinced to buy a gaming laptop on a deep sale.