It's it worth it to upgrade from an i5-7500

[Rover_dude]

Budget (including currency): 500-700 USD but this isn't a big concern, but cheaper is better

Country: united States

Games, programs or workloads that it will be used for: Cyberpunk, watchdogs legion, resident evil village, other AAA games and VR

Other details 

Hello! I've been thinking about upgrading my CPU, however, I'm currently using an i5-7500 and with my current motherboard, it looks like the best CPU I can get that is compatible is the i7-7700k, even though I have a non-overclocking board.

So, it seems the i7-7700K would not give much performance boost for the cost, so I was thinking about switching to Ryzen, a Amd Ryzen 7 5800X to be exact, but was wondering if there would be a better upgrade path for me. 

So, here is my current build:

 

PCPartPicker Part List: https://pcpartpicker.com/list/PqGr8J

CPU: Intel Core i5-7500 3.4 GHz Quad-Core Processor  ($219.99 @ Amazon) 
Motherboard: ASRock H270 Pro4 ATX LGA1151 Motherboard 
Memory: Team T-FORCE DARK Z 16 GB (2 x 8 GB) DDR4-3000 CL16 Memory  ($89.99 @ Newegg) 
Storage: PNY CS1311 240 GB 2.5" Solid State Drive 
Storage: Western Digital Black PCIe 256 GB M.2-2280 NVME Solid State Drive  ($129.99 @ Amazon) 
Storage: Seagate Barracuda Compute 2 TB 3.5" 7200RPM Internal Hard Drive  ($55.49 @ Newegg) 
Video Card: Gigabyte GeForce GTX 1080 Ti 11 GB GAMING Video Card 
Case: Fractal Design Define R5 ATX Mid Tower Case  ($123.99 @ Amazon) 
Power Supply: EVGA G2 550 W 80+ Gold Certified Fully Modular ATX Power Supply 
Optical Drive: LG WH14NS40 Blu-Ray/DVD/CD Writer  ($59.99 @ Adorama) 
Operating System: Microsoft Windows 10 Home OEM 64-bit  ($108.78 @ Other World Computing) 
Monitor: AOC G2460PQU 24.0" 1920x1080 144 Hz Monitor 
Total: $788.22
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2021-05-08 11:10 EDT-0400

Here is the build I was thinking of upgrading to:

 

PCPartPicker Part List: https://pcpartpicker.com/list/rRpfLP

CPU: AMD Ryzen 7 5800X 3.8 GHz 8-Core Processor  ($427.03 @ Amazon) 
CPU Cooler: Noctua NH-U14S 82.52 CFM CPU Cooler  ($79.95 @ Amazon) 
Motherboard: Asus TUF GAMING B550-PLUS (WI-FI) ATX AM4 Motherboard  ($159.99 @ Amazon) 
Memory: Team T-FORCE DARK Z 16 GB (2 x 8 GB) DDR4-3000 CL16 Memory  ($89.99 @ Newegg) 
Storage: PNY CS1311 240 GB 2.5" Solid State Drive 
Storage: Western Digital Black PCIe 256 GB M.2-2280 NVME Solid State Drive  ($129.99 @ Amazon) 
Storage: Seagate Barracuda Compute 2 TB 3.5" 7200RPM Internal Hard Drive  ($55.49 @ Newegg) 
Video Card: Gigabyte GeForce GTX 1080 Ti 11 GB GAMING Video Card 
Case: Fractal Design Define R5 ATX Mid Tower Case  ($123.99 @ Amazon) 
Power Supply: EVGA G2 550 W 80+ Gold Certified Fully Modular ATX Power Supply 
Optical Drive: LG WH14NS40 Blu-Ray/DVD/CD Writer  ($59.99 @ Adorama) 
Operating System: Microsoft Windows 10 Home OEM 64-bit  ($108.78 @ Other World Computing) 
Monitor: AOC G2460PQU 24.0" 1920x1080 144 Hz Monitor 
Total: $1235.20
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2021-05-08 11:12 EDT-0400

 

So I was wondering 1) How does this upgrade look? And Is there anything I could do differently? 2) Should I wait until the next release of CPU's to upgrade to the current gen for cheaper? 3) Would my current PSU (550 Watt 80+ Gold) still be able to support the upgrade to Ryzen, according to PC part picker it would but, I want to be sure. 

Lastly, if I did upgrade to the Ryzen 7 5800X it looks like it would cost right around $690.00

Thank you!

Edited May 8, 2021 by Rover_dude
Had the wrong CPU listed at the very end

[Helpful Tech Witch]

5 minutes ago, Rover_dude said:

Lastly, if I did upgrade to the Ryzen 7 7800X it looks like it would cost right around $690.00

Thank you!

The ryzen 7 7800x? That's not a thing...

[Rover_dude]

2 minutes ago, HelpfulTechWizard said:

The ryzen 7 7800x? That's not a thing...

Sorry your right, I had a typo and corrected it, I meant ryzen 7 5800x

[svmlegacy]

For gaming alone on a 1080 Ti, I'd reccomend the Ryzen 5 5600X. Other than that, seems reasonable.

[Helpful Tech Witch]

6 minutes ago, Rover_dude said:

Sorry your right, I had a typo and corrected it, I meant ryzen 7 5800x

Do you live in the USA? Newegg has the 5800x for below MSRP with a 360mm aio (wow that's a good deal)

https://www.newegg.com/Product/ComboDealDetails?ItemList=Combo.4247871

[Downkey]

10 minutes ago, HelpfulTechWizard said:

Do you live in the USA? Newegg has the 5800x for below MSRP with a 360mm aio (wow that's a good deal)

https://www.newegg.com/Product/ComboDealDetails?ItemList=Combo.4247871

This is a 5600x

[Helpful Tech Witch]

24 minutes ago, Downkey said:

This is a 5600x

Oops. Yep. It is. It was the first result for 5800x.