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and yet people will be shocked that a decent everyday bike can cost as little as £500. For some reason they expect them to be practically free. For much less you can only buy a BSO (Bicycle-Shaped Object)
You can definitely get a good daily-driver for less than that if you buy used and aren’t scared of learning a bit of bike maintenance.
Alternatively, people should look into cycling co-ops. There’s one in my town that refurbishes old bikes and sells them for around $100 (Canadian)
I think maybe in total I’ve sunk ~$2k into my road bike, and that’s with upgrades for more than half of that figure. By being strategic (i.e making liberal use of AliExpress), you can get a very high quality bicycle for shockingly little money.