Is ultralight more expensive?
Is ultralight actually more expensive than other types of backpacking?
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I think it depends on the choices you make. For each expensive option there is usually a decent cheap option. Most people associate ultralight with over-engineered DCF and carbon fiber tents that cost $1000, but a sub-$100 tarp can work as well.
OTOH a Harbor Freight vinyl tarp is about $5 but will add several ounces vs a silnylon tarp.