We might get flack for saying this, but it’s probably cheaper to purchase a gym membership for most people because you won’t really save money for a few years. If your gym membership is $40 per month and you spend $2,000 on a home gym setup, you won’t break even for over four years.
That’s not the whole story though since home gyms provide a lot more than monetary value. When you factor in not driving in traffic or having to work around gym hours along with having the exact machines and setup you want, home gyms start really showing their value.