carrier/pinion bearing puller (not necessary, but nice) $349+
pinion depth tool (not "really" necessary, but EXTREMELY helpfull when starting with an empty housing) $329+
axle housing spreader (also not necessary, but makes for a cleaner and more quaranteed install) $249+
dial indicator w/mount (PLEASE PLEASE PLEASE do not setup gears without one of these) $50-150+
inch LB torque wrench (try to find one starting at 10in lb, and goes in smallest increments possible) $50-300 (depending on brand)+
yoke torque tool (mostly required for axles with crush sleeves like low pinion D30's, but overall a good tool to have) $49+
Differential bible $30+
Just those few things will cost you about $1,300+. and there are still a few other tools that will be needed to make the job easier/cleaner. now granted, you can make do without a couple of those parts, but it's cleaner, safer, and alot more "proper" having the right tools.
now i won't lie. i don't have every single one of those tools. i don't have a case spreader, and i don't have the bearing puller. so when i take bearings off, i destroy them. which is why i have setup bearings (bearings honed out just far enough to install/remove by hand until final setup. then you install the real bearings)
see that's the part that alot of people don't realize when they complain that gear setups cost so much when a shop does it. if you take all the tools i listed above, and add some more other tools (plus sockets, wrenches and other tools required to remove/install the axles and everything else), and then on top of that, buy them from snapon, mac or matco tools, then you have easily over $2,000 in tools that are used ONLY to set up axles. that's why it costs so much.
so as i said earlier, if you have multiple vehicles, or can justify the cost of doing it right, then by all means go and buy it and learn how to do it. otherwise, if this is a one time deal, it might not be a bad idea to take it to a shop.
by the way, those tools can be purchased from this site.
http://completeoffroad.com/
and here is the link to that websites differential tools.
http://completeoffroad.com/wsm/c-21_differential_tools.html
here's a little tip that i like to ask people. and don't be cocky when answering this question. if you want to set up these gears and "think" you are ready, would you be willing to do it on your wifes jeep and let her drive it on the freeway at 80mph??? if you don't trust your wifes (or other most important person in your life) life with your work, then maybe you're not ready.
personally, i've done several gear setups on my wifes vehicle, my vehicle and friends vehicles. and i still don't like doing it for business, just because i haven't done that many. even though i have yet to have one of my jobs fail on me.
hope that helps.