It's all relative, surely.
If you own (say) a Klimax-style LP12 or a Vertere SG1 or SME 30/2 or or any of the excellent Brinkmanns or Thrax or TW or AMG options, you probably also have a great phono stage and £10K+ of amplification. Would it make sense to restrict cartridge choice to less than £1000?
On the other hand, if wealth or guilt about indulgence mean that you have a £2K of Rega (P8?) or Clearaudio turntable or something less extravagant than that, then spending more than perhaps £500 on a cartridge would be a bit strange - and unlikely to be rewarding. A others point out, there are several excellent options in that price range.
My Linn Krystal still sounded A1 at 1200 hours, but a bit less so by the time I swapped it at more like 1800 hours. More filthy old vinyl and no RCM would probably shorten that quite a bit. Linn's trade-in terms are also relevant and not overly generous.
A Lyra Kleos is imho a fractionally better cartridge if suitably partnered - no significant 'character' but lots of music. IIRC, a new one costs £2900, but a new-for-old exchange Kleos costs £1740. In other words, playing my vinyl instead of CDs or Qobuz is costing me very roughly £1 an hour extra.
To put it another way, even with lots of listening of the albums that are imho significantly better on vinyl, I'd be surprised if I needed to swap a cartridge in less than about 4-5 years, so the cost would be over £1 a day but not vastly more.
That probably puts into context the apparently exorbitant cost of new vinyl. The whole vinyl exercise is an indulgence anyway, but perhaps not my worst.