You said "state of the art," too, so I fully expect that the price is well into "call us" territory. Speaking of which, I need to go enter my name into today's Agilent drawing...
Spherical near field antenna scanner, mm wave equipment, Keysight 50 GHz PNA with pulsed X-parameters, Keysight UXA spectrum analyzer, load pull tuners, etc; all good stuff.
I think you underestimate how much those of us struck RF fever (a lifelong affliction with no cure) are willing to spend on the hobby. Some common price points I've seen in home labs: $15k oscilloscopes, $10k signal generators, $6k logic analyzers, etc. $50k would be a high-end home lab, but home-lab territory nonetheless. It's affordable on an engineer's salary -- many of us semi-regularly spend more on things like nice cars and "living in SF."
$500k, OTOH, isn't, unless you're particularly well off for an engineer. So you need to find an employer to purchase the toys for you. Looks like madengr has done well on that front :-)
All really boils down to problem solving and intellectual stimulation. I suppose any job that has that is good.