It would take you 10+ years of skilled labor savings in any case to afford a homestead capable of sufficient farming and hunting output to sustain a family. Because you are competing not with homesteaders but rich professionals or pensioned .gov retirees who want some escape from the pollution/crime/cramp of the city.

Even if all of US became homesteaders this would likely still be at least a little bit the case, because foreigners would simply buy the property instead. Take a look at places like Spain, Portugal, etc and the high land prices are based on global competition not vs the low local wages.