After thinking about it a bit, I think for me, if the goal was something with a nice appearance, but also easy to produce in small quantities in my garage, I'd start with 2" thick stock in whatever hardwood species is readily available, or meets your fancy.

2" thick purpleheart $8.95 bf

2" thick cherry $7.95 bf

2" thick Sapele $7.95 bf
Those are the cheaper options in my area. Walnut, tigerstripe, and lots of other options available at higher price.
If 2" thick stock is not available in someone's area than Instead laminate together 3 pieces of 3/4" stock for 2 1/4" thickness. The 3/4" stock will be cheaper but laminating the pieces adds more work. For a little additional stability 4 pieces laminated together at 3" thick would be a good option. If someone wanted some color variation, laminating species of contrasting colors would be just as easy. In my area, light hard maple and cherry are the cheaper options at $4.95 bf and they would look very good laminated together if you wanted striped risers.
Starting with something around 6" to 7" width would allow for 2 pieces side by side. Measure and drill holes throughout entire piece, then rip cut and cross cut into individual risers.
If the square shape is too boring than any type of additional contour or shaping can still be added.
As cost estimate, starting with 2" thick cherry at $7.95 bf, 7" wide by 6' tall is 7 board feet and $56 dollars. Cutting that into 3.5" wide by 4" tall pieces, nets you 42 risers, under $1.50 each. Even choosing more expensive material like tigerstripe at $20 bf or dark walnut at $18 bf only raises the cost to still under $3.50 each riser.
If someone was only making a few risers for themself than a single 8' long piece of 3/4" cherry, 7" wide, is 3.5 board feet and $18. Cut that into four 2feet lengths, each laminated together (3" thick), then gives 12 risers (3"thick x3.5"wide x4"tall) right at $1.50 each.