For the past 10 years I never bought a phone for more than 300 euros.
I usually get a new phone every 3 years to have the latest tech and donate or recycle the old one.
For the last year I had an iPhone 13 pro (usually goes around 1100 euro) as a work phone and my personal Redmi Note 11 Pro I bought for 270 euros and not once I told myself: Man, this iphone is at least 3 times better than my Xiaomi. It's clearly a premium product but a middle category budget phone can match most features and even more. I still have a headphone jack, bigger 120 Hz screen, IR blaster and an amazing fingerprint sensor.