Sadly, yes. The steering rack looks like it sells for $600. The power steering pump is about $325. You'll need a front end alignment when the job is done, so that adds about $125. Throw in labor $2,100 is completely within what I would expect the job to cost. But doing almost any repair these days on a car can easily run a couple thousand dollars. And such a repair on a 15 year old car is not unexpected.