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Homeschooling can cost anywhere from $0 to $2,500 per year. A family can create an entire curriculum from materials available free online and from the local library. (Online schools do charge a fee.) Cost depends on your philosophy.
If you use a boxed curriculum, you can purchase a very nice one for as little as $300 per year, with optional correspondence-teacher review services for somewhere near $200-$500. You can spend as much as $2500 per year in the boxed curriculum, this cost includes an advisory teaching service, networking, private "networked" park days, field trips, resource libraries, and many other extracurricular resources.