Hi @stantheman4
Remember that you should also budget to buy an amp of some sort if you don’t have one. This can be as simple as cabling into a computer and using software, to a headphone amp, to a combo amp-in-cabinet. You will want some way to get the sound out of the electric guitar.
There are a lot of forum threads on amps as well. Look at “minimum” gear and “portable” gear in addition to “amp”. Here is one post I made that has ideas: Really need amp for beginner - #9 by sequences