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All the cost is in getting set up. You need a package of hooks. You need a bobbin or 2 , you need the trhead. You need head cement. You need a vise of some sort. You need a bucktail , a whole package of hackle , flash , etc in whatever colors you want. You can make a whole bunch of flies from one bucktail and one neck but you have to buy the whole thing to get started.
You can certainly make them for a lot less than $5 once set up. A simple teaser of white bucktail topped with black hackle is probably 60 cents to make. You can also buy some for a lot less than $5 too. Shop around.
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