You're right. It is much more. And considering how long we use our airplanes (decades) and the number of lives that depend upon them, I think the F-22 is a bargain.
It's a pity that some are so short sighted, so misinformed, as well as being innocent of intellect and common sense, and yet they are the ones who decide our fate as well as the fatalities of those whose lives depend upon their decisions.
I seem to remember an article posted here a while back that said there was an up grade to the F-16s that would make them much better than F-22s and do it for millions less.