I built my pc about 3 months ago and paid the same. Amd 6700xt graphics card and ryzen 5 5600 X cpu, so it's not a slouch by any means. Hell I just compiled gentoo and installed baldurs gate 3 in an evening, that's pretty fuckin good. Sure, you pay around 1k for the PC. But you also get a computer that can be used for more than just gaming. I work on my computer and play games, plus the cost for upgrades will be much smaller compared to getting a whole new console. I'd say no matter what it's worth it to get into pc gaming or just using a PC in general.