You DO realize archery is an even more expensive sport then sport shooting today right?
Today, you can drop $100 to $2300 on a rifle, an other $40 to $300 will get you about 100 rounds of fun.
Bows however start at $150 (for something for a child) and go as high as $6000! (For all the bells, whistles, and tech)
Heck the SHAFTS for arrows (not including fletching, OR head!) Start at $6 each and go as high as $35 a shaft!
Fletching starts around $2.00 and again tops out around $24.
Heads cost you anywhere from $2.00 to $25.00 each! And no, not all are reuseable! (Many hunting broadheads expand on entry, causing massive tissue damage and blood loss, but are ruined in the process).
So even today, a single arrow can cost you between $11.00 and $125!
Don't believe me? A simple google search will turn up pricing for hunting supplies.