At $550, the PS VR2 actually costs more than the PS5 console itself, and it's significantly more expensive than the $400 Meta Quest 2, the most popular VR headset currently on the market. The Quest 2 also works as a standalone device, while the PS VR2 requires a PS5 to work, which costs an extra $400-$500.  Meta does offer a more expensive $1,500 headset, the Meta Quest Pro, but it's being marketed as a device for working professionals rather than a gaming platform. That said, other VR headset competitors designed to pair with PCs cost way more than PS VR2, like the $1,500 Valve Index and the $750 Vive Cosmos Elite, both of which require external sensors that PS VR2 doesn't need. While it's expensive, PS VR2 is designed to deliver some of the best performance available in the VR space, as well as several PlayStation-exclusive titles built for VR.