Some great advice here as always.
If vinyl is your thing go for the best Rega in your budget, more bang for buck 2nd hand.
Look to Rega P2/P3 complete with arm and cart from a hifi enthusiast, rather than the modern interpretation of the same Deck brand new from a Dealer at higher price.
Scrimp, save and temporarily live on toast n beans for 6 months if you can for a recent 2nd hand Rega Planar 3 if you can.
Put a fair chunk of your budget to what actually gets the music off the vinyl record.
Digital...not so much, can spend buttons to get "good", but it ain't great.
Digital can be ear blisteringly good, but not at budget prices imo.
But vinyl will reward you.
You don't need to spend megabucks...but get it right and you're there.
And that's what Rega will.do for you.
My take...2nd hand Rega 3 from a fellow enthusiast upgrading.
AC POWER
Hardwired 10kVA balanced mains powering entire system
AMPS
Meridian 557 power Amp (Modded) / PS Audio BHK Preamp (Modded)
SPEAKERS
Wharfedale Evo 4.4
DAC
PS Audio Directstream (Modded)
TURNTABLE
Pro-Ject X8 balanced output via XLR / Ortofon Quintet Blue cartridge
PHONOSTAGE
Pro-Ject DS3 B balanced Input (TT and Phonostage powered by Pro-Ject Power box RS2 linear psu)
DIGITAL
OPPO 203 (Modded: Linear PSU, i2s output to Dac) - Roon Endpoint, HDMI input used for all things Streaming/ PS5 /AppleTV ... also good for movies apparently?
MUSIC PLAYBACK
Tweaked AP-Linux based Roon Server into Oppo 203 as Roon endpoint
Ipad Roon Remote.
Apple Music/ YouTube via AppleTV, fed to Dac via Oppo HDMI input/i2s output to Dac.
SPEAKER CABLES
Biwired: Duelund DCA10GA (Bass) Duelund DCA16GA (mid & treble) Duelund 12DCA used as jumpers (On "Blackcat Cable" Chris Sommivigo's advice - yup, even with biwire it sounds better - and it does)
INTERCONNECTS
All Balanced: Ghost+ recording studio XLR cables