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First time booking holidays in school holidays is it really this expensive?

So 2 adults, 2 children aged 5 and 3 a week away in the Balearics in Whit week - 4 star or equivalent - self catering and B&B coming in at £2,500!!
Is that about average?
If so then goodness me summer holidays must be eye wateringly expensive - no wonder people get into debt over them - I used to think 2 holidays a year was a must - I'm not so sure now.
Presuambly the best way is going to be find a flight (easier said than done of course) and book accomodation seperately? (anybody else sick of reading bad reviews on trip advisor?).
Cheers
Macca

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