Cdtcommander,
I had laser hair removal about 5 years ago. It cost me around $1000 for a set of treatments to do the upper lip, chin, neck, and chest. But for me it was not permanent, probably because my hormone imbalance problems were not completely fixed. They say it works better for people with dark hair and light skin, which I have. I didn't really have any skin problems after other than redness lasting longer than they said it would (they said I would be red for an hour or two- I was red for a day or two).
Since then I have moved to a different state and recently looked into having it done again at a local spa with the hopes that my hormones will stay normal now. I also hoped it might cost less since it seems that laser hair removal is becoming more common. Unfortunatley, I am not having it done because now it would cost me over $2000 for a set of treatments on just the lip and chin! Maybe the cost differs from place to place and wouldn't cost so much somewhere else.
If I were you I would go to the doctor and find out what the cause of the hair growth is and see if there's anything you can do to keep more new hair from growing. My doctor put me on birth control to help regulate my hormones and keep new hair from growing, but I stopped taking the pill after I had laser hair removal and new hair grew back. Being a woman and having to shave really sucks!
Hope this helps.