While visiting your friend’s home or a hotel or even a conference, a question that we are all asked frequently is the WI-FI password. This shows that access to high-speed internet has become an essential part of our everyday life. Like other utilities, the internet is a utility on which all of us rely. Therefore, it is important to consider the internet bill in your overall expenses.
The money that you are paying for your internet entirely depends on your internet connection and internet speed. Before buying an internet connection, most people are concerned with the monthly price and speed of the internet. Different types of internet services have different strengths and weaknesses. Some are fast but expensive while some are cost-effective but are not good enough in speed.
People who have internet connections in their homes or who are paying huge internet bills should know how much they should spend on the internet every month or on average, how much should an internet connection cost?
Slow and poor connections can cost as low as $10 per month. On the contrary, high-speed internet can cost around $150 per month. On average, the internet bill is around $60 a month.
Apart from the mentioned pricing plans of internet, there are some other additional charges. Some people are not aware of those charges that can double the internet bill. Those additional fees include:
Setup– When it comes to setting up an internet connection, the first fee is the connection fee or known as a set-up fee. Generally, this is quite expensive and can go up to $130 or depending upon the provider you’re signing up with.
Installation – Installation cost depends on your home’s pre-existing wiring. The more work a technician has to do to set up your modem, the more you will be charged. But if you install it yourself, you can save the installation charges.
Activation – The activation fee is the cost you pay to start your internet service. It is similar to the installation fee and is usually a low amount.
Equipment Rentals – There are many internet providers that give you a modem/router on monthly basis and ask for a monthly fee. You can avoid this cost by purchasing your internet modem.
On average, what cost is good enough for High-Speed Internet?
If you are setting up the internet for the first time, you might be concerned about the cost you need to pay for a high-speed connection. You can calculate the cost by determining your internet needs. If more than 3-4 people are streaming in your house at once, for that you need faster internet. If you are a game lover and play games all night long, then you should have an internet of larger bandwidth.
What types of Internet connections are provided by Service Providers?
There are different types of internet connections available that will vary in price and speed. We have listed out some of the common types.
Cable Internet has an average download speed of 20-100 Mbps. The average upload speed is 7-50 Mbps. Its pricing plans start from $20-$50 a month.
Pros and Cons:
Cable Internet is commonly used for its reliability. It has fast upload and download speeds. But it has risks of heat damage and electric surges. During peak usage, its speed slows down that can affect your activities.
DSL has an average download speed of around 1-100 Mbps and has an upload speed of 384 Kbps to 8 Mbps. The cost of a DSL internet connection ranges from $20-$45 per month. CenturyLink internet service has a DSL network.
Pros and Cons:
DSL is known for fast downloads. Although it has a fast download speed, it lacks upload speeds. This type is common because it is widely available although, speed may not reach what providers advertise.
Fiber optic has an average download speed of 25Mbps to 1Gbps which is quite fast. It has an average upload speed of around 880Mbps. The starting cost that fiber-optic offers are $30-$65 a month.
Pros and Cons:
This internet connection has the fastest upload and download speeds. The downside of this internet is its unavailability in many areas. Since it is a new technology that is why it is only available in limited geography around the U.S.
All types of internet have their own advantages and disadvantages. Whatever connection you choose depends on your location and budget.