I would politely differ with those calling Davis equipment 'professional grade' with no AWOS or other stations running them.
I have seen Davis stations with some add ons running at state parks and at observatories, but for university or high quality stuff, you'll need to select Vaisala, Campbell Scientific or RM Young or a few of the other types.
That being said, they don't have much for plug and play. They general idea is you have an employed engineer or grad student doing the install and upkeep, as best I can read it.
But, as mentioned here, there are a LOT of Davis installations. With that comes relative affordability, and some very dedicated users who have run many side-by-side comparisons with rain measurement, temperature accuracy, and FARS for temperature and humidity measurement.
As far as price is concerned, getting a Davis system up and running is likely to be less than $1200, while one of the sensors for the above mentioned professional/research grade will cost that or more. Plus the Davis will be sending you data before you get down off the ladder/roof/tower while the design, integration and a wee bit of calibration for the other units will take time (albeit with the result of you knowing the system and the programming really well.)
The closest to a turn key system would be a Vaisala WXT530 but still requiring some component integration to get it displaying. A couple years ago I communicated with a fortunate gentleman who had a full boat RM Young system with a 28600 display, a repeater display and their all-in-one sensor package and I tallied it up in my head to be north of $6000 in that system. The drawback to ANY ultrasonic system is freezing rain and snow. I've had one taken out of service, even with the heaters running, for three days.
Have fun. It is great that there are so many choices and the embarrassment of riches we have right now. Too bad Texas Instruments went out of business. Rainwise has a good choice too and is relatively turnkey. I'd put Texas Instruments up against most of the pro grade stuff as far as accuracy and consistency. Rainwise can loose a sensor such as temp/humidity pretty easily in my experience.
Let us know what you finally select. Each person has different needs and a different wallet!
Dale