HEPA media itself is a commodity and aftermarket filters (and the BOM cost to the OEM) tend to level out at whatever rate is minimally profitable per area of filter media.
The upfront cost of this device is high for what you get, because you're mostly buying filter media. The device itself is not much of a polished product. I'm sure it works fine but I wouldn't want one in my living room.
I leave them on setting 2 (unless someone is sick or we're having a lot of people over), and we get ~425 CFM for about $40/y in power (~5W each).