I drive a 98 Toy Camry, and I am going to need a catalytic convertor as well. The dealership service dept gave me a quote of 1450 plus labor, so it'll be about 1700. It's one of those things that need to be done. Luckily my inspection is not until next year so I can put it off for a while.
Maybe shop it around and see if you get a better deal on labor costs?