Toyota Repair: Replacing waterpump on Toyota Corolla fx, toyota corolla, best guess

Question
The waterpump on my 1988 Toyota Corolla FX locked up. It had been making noises for a while so I assume the bearings in it probably went. I lost the belt when the pump locked up. How much can I expect to pay for this repair and is it worth it on a 16 year old car.

Answer
If the rest of the car is generally in good shape I would say yes it's worth repairing, how much it costs depends a lot on where you live and who does the repair and if you use the toyota parts or aftermarket.
My best guess would be from around $200-350.