I've yet to notice a substantive difference between my current Moto g 5g, which cost ~150 USD and my previous phone, a Pixel 5a which cost ~450 USD. I balked at the price of the pixel at the time, but figured that's just the price of admission these days. It is now useless since the screen/mobo failed soon after I switched. After it was obsoleted, I just opted for the cheap Moto and will probably never spend more than 200 USD on a phone again.
If you're on here, you probably work in tech, and if you work in tech, you're probably pretty affluent, which means you don't need to signal that you're affluent.