Want to setup basic home audio system

I would concentrate on used equipment.
Deals galore!
USAudiomart is also a great place to look.
You can even shop within your state.

mesch: 
I should’ve been more clearer. I will be using my phone and computer as a source. Thank you for suggesting a specific model and brands. That helps me a lot when I’m researching things! I live in Washington state and have been only looking at Craigslist and offermeup for any used deals. Other than that, I was always skeptical of buying used from different state due to the high shipping cost. 

thecarpathian:

thanks for the suggestion! I am looking through the website and can’t believe there’s a website like this...I have a lot to learn lol

Most equipment will be out of your budget range, but there could be a hidden gem in there, especially in bookshelf speakers, and integrated amps.

Check out HIFI SHARK!
https://www.hifishark.com/

Agree that with that tight of a budget used is the way to go for everything.  If you are patient, you can pick up gear in new condition for sometimes almost half off.  A nice integrated like a Marantz or NAD and a pair of smaller monitors.  As an example:
ELAC Uni-fi UB5 Bookshelf Speakers (PAIR)
on this site asking $400.  It can be fun putting together a system on a tight budget.  The key is setting it up correctly in your room .  That is what will make it go from "nice" to "I can't believe how good this sounds for $----!"