I am 66.
My sewing space is the master bedroom.
(Although the bed only takes up 25% of the space. The rest is for my two sewing machines and tables, my ironing and cutting table, my computer and printer and a coat rack for my bags and purses. About a 1/3 of the closet is for clothes the rest is for stash, storage,office supplies,CDs,paperwork, bedding, etc. The closet is 8ft. wide, by 24in.deep, 8 ft. tall.)
My tools, including quilting books(62+), tables (3), machines(2), rack for thread (1 150 spools) , OTT lights (4),rotary cutters, scissors, storage bins, etc.
Probably about $5,000.
Fabric $2,500. Quilts made 5. Quilting for 6 months. :)