I assume you have aleady
a printer
etch resisting pen (sharpie at least)
suitable plastic container
common solvents for cleaning (methylated spirits, acetone, whatever your particular preference)
washing soda (sodium carbonate) based laundry powder (for developing)
a dremel or at least power drill capable of holding bits down to 0.8mm
a couple sheets of glass and a way of clamping the PCB and artwork to it
As for consumables then assume a single sided 7x10cm PCB, personally I seldom make anything bigger
Copper Clad Board - $1.25
Photoresist Film - $0.50
Tracing Paper - $0.20
Drill bit (let's say 1 HSS one used per board and discarded) $0.50
Etchant - depends on your desire, but lets say $0.10 "used" per board (one-off cost of say $10-20 depending on what you use)
That's about it, so consumable cost of say $2.50-$3 per PCB (USD) at the most.
Startup cost if you had NOTHING, maybe $40-100 depending on how cheap you find a used suitably working printer (around here, about $1 will get you one without much trouble but your area might not be so flush with people upgrading old printers)
The days of pre-sensitised boards are over IMO, dry film resist or toner transfer is the way to go, if you mess up, strip, reapply, start again no need to waste a whole PCB because you screwed up the developing.