Nice Suit Ideas for Good Price

I am not sure that price itself dictates quality all the time. You can see and feel the difference between a really cheap suit, and one with a better thread count, etc. but I do not think price is that indicative. Take any suit from Men's Wearhouse and hold it up against a Banana Republic suit, and although the price is relatively close (see below), you will most certainly notice the difference.

I have found that (as mentioned above) you can get incredible deals if you happen to be in the proximity of a Premium Outlets (most major metropolitan areas in the USA) or otherwise high end retailer outlet center. To further compound on savings, around holidays, there will frequently be heavy sales on everything.

An example: I just picked up a few Banana Republic suits that normally retail around $350-$400, for about $125 a pop, which was $250 outlet price, plus another 50% off. Would I consider these interview quality suits? Yes. The fabric looks professional (not that shiny or rough surface of cheaper wools) and they are fashionable yet conservative in style for an interview. Now, would I wear one to an IB interview in NY? Maybe not... but I sure as heck wouldn't wear a higher end suit to campus recruiting events either and risk damaging it or just wear and tear.

So, to the point... a few options/prices I have seen @ Premium Outlets near you:
BR - During the big holiday sales, you can snag a two-piece for under $150. Great deal and looks great. Other advantage here, sold as suit separates, so you can get an extra pair of pants if you are like me and have an affinity to them wearing out well before the jacket does.
Perry Ellis - About the same deal as BR during holidays, but I think the suit fabric looks less quality overall for their entry level lines. Nice sportcoats though.
Armani - Here is where you can snag a nice banking interview suit if you are lucky. At outlets/during sales, I have snagged a decent Armani for $500. Originally $1600 I think. Definitely can FEEL the difference.
Kenneth Cole - Around $150-$250 for their REACTION line suits in outlets/sales times. Also very professional, although a bit more of a modern fit than the above mentioned. I do, however, think their quality and longevity is a bit less than the others I have mentioned.

Where I would stay away from: Mens Wearhouse (obviously), Department Stores (way too pricey - if you find a suit you love, find the manufacturers outlet), and (sorry to the guy above) Jos A Bank. I think Jos A Bank stuff looks quite good, but I have never had a suit from there that lasted worth a crap.

Moral of the story here, I guess, is in my opinion you can get a nice looking suit for well under $500.