It is going to be 100% true that the more money you can justify spending on buying your components in bulk... the more money you can save. And the opposite is 100% true also.
Just for arguments sake, simply to make a point:
If all your equipment was
free and you had tons of great used brass all at the ready and you walked in to Cabela's and you buy a sleeve of 100 primers for $4 plus tax, one pound of powder for $26 plus tax and a box of Hornady XTP bullets for $22 plus tax... you can make some fantastic handloads with those items but your "savings" over buying factory ammo is going to be pennies.
On the far other end of the spectrum:
If you buy your powder in an 8lb jug, you could knock the price down to about $18 per pound. If you find a great deal on a case of 5,000 primers, you could bring them home for about $2.50 per hundred. And the bullet market is often quite volatile, but I'm eating through 16,000 bullets (plated 9mm, 124gr) and I have 7.5 cents per slug on them, shipped to my door.
For a lot of us (the kind of people who spend their free time chatting about handloading
), this hobby is a lot of fun and very rewarding. But it takes a lot of time and energy, and we burn through a lot of components (MONEY) simply trying things, developing loads, learning what works and what doesn't.
Most folks find the hobby quite rewarding. Some high volume shooters don't enjoy it as much as we do but they need the cost savings so they slog through it. Those guys probably save more money than us guys because we are constantly adding gadgets and new bullets and powders and trying new things because we enjoy it.
But the one place we both end up and usually agree upon is just as
jwrowland77 said... we spend more money and we shoot a lot, lot, LOT more than we ever did before we started making our own ammo.
The hardest part for me is finding a sensible middle ground on how much money I'm throwing at components. All truth I posted above... most folks can't get fantastic plated 9mm 124's for 7.5 cents per slug... but I would imagine that most folks don't slap a thousand dollar charge on their credit card that results in a mailman bringing a couple hundred pounds of bullets to their door. Just bullets. Not ammo. Just bullets.