What's the difference between a $1000 acoustic guitar and a $5000 guitar?

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Guitar Rockerzz

The cost of the guitar depends upon the quality of the wood, quality workmanship, and the precised accurate Fret board. The costly guitar will have better sound than the low cost guitar. The difference is just the quality of sound. As well the comfortability.
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Guitarist

Simply in one line costly guitar must have better sound quality than the low cost guitar.
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Guitar Teacher last 12 years with 30 years experience in film recording industry.

The quality of the wood, the workmanship, precision would be different. Hence the sound would also be very different. This is considering both the guitars look alike and are the same size as well.
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Unlock Your Musical Potential with a Masterful Maestro!

Its simply the quality & the Brand which makes a difference in the cost.
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Keyboard & Guitar Classes by Professional Film Composer 10+ Years Experience

Yes ! And sometimes they are too costly just because a great guitarist uses and endorse it, otherwise signature series! Crazy huh!
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