When I bought my Savage, the cheapest was hardwood and blued steel, not matte blued, either. Isn't a very deep or lustrous bluing, but blue. But, now days, they put these cheesy plastic stocks on 'em I don't care for. I didn't care for that hardwood (Birch, I think) stock, either, though, and much improved that gun's accuracy with a free floated Ramline stock. I sold the wood stock on ebay.
Yeah, if you want walnut, cut checkering, and ebony caps and such, well, you gotta pony up for that with a Remington BDL or something even more expensive. It don't shoot any better with all that fancy wood. In fact, in many cases, the polymer shoots better.
But, stainless/polymer ain't always cheap, either. You checked the MSRP of a stainless Remington M7 lately? The wood/blue is a hundred or so less money. So, well, wood ain't always the more expensive way to go depending on the gun you're lookin' at.