Is cycling a rich sport?

Is it accurate to label cycling as a sport that is only accessible to those with significant financial resources? While cycling equipment and races can indeed be costly, are these factors truly indicative of the sport's overall exclusivity? Are there not numerous examples of passionate cyclists from diverse economic backgrounds, who excel in the sport despite limited financial means? Additionally, how does the widespread popularity of cycling as a recreational activity and means of transportation factor into this discussion? Is it fair to judge the entire sport based solely on the expenses associated with elite-level competition?