Price can be irrelevant with wine given how much of the enjoyment is based on your personal palate. If you like $5 wine, then buy $5 wine. Myself, I'm more of a connoisseur and probably spend far too much on wine, but I like it and it's hobby of sorts. I've had some amazing wine in the $80-$100 range, but more often then not I wasn't paying for the bottle. I can't afford that these days. Thankfully, you can find good wine for under $15 a bottle and sometimes under $10.
raw23~ I've lived in CA, WA, and now NM and I have found good and bad wines from all three states. All of the states have wineries of some sort, although I don't think all of them are grape based wines. There are bound to be some good OK wines. Regardless, it doesn't really matter if something is deemed good or bad as long as you like it!