New Study Reveals Faster Internet Might Actually Be Cheaper

These days you will likely notice quite a few people complaining that their internet costs a lot more than they would ideally prefer. That is the sort of thing that most people are being forced to deal with, and another common thread among people that make these kinds of complaints is that their internet is pretty slow with all things having been considered and taken into account. It turns out that the fact that these two problems come in pairs is actually not a coincidence.

A new report released by BroadbandNow revealed some pretty interesting facts about the correlation between internet speeds and how much money you are paying. You might assume that the correlation is positive, essentially that the faster your internet is the more expensive it can be. With all of that having been said and now out of the way, it is important to note that this report actually revealed that faster internet can actually be cheaper than slower internet, at least in relative comparative terms.

The thing to note here is that this affordability has less to do with the exact speed but rather the speed tier that you are opting for. Internet has gotten cheaper across the board, but faster connections have seen a sharper decrease in prices than slower ones. For example, people that get between 25-99 MB/s have seen prices drop by 14%. That might seem pretty good until you realize that users that get over 500 MB/s are now paying 42% less than they did in 2016 which is a fairly remarkable overall price decrease.

The type of connection that you get tends to matter a lot as well for the most part. Fiber connections used to be a lot more expensive, but these days they have actually become somewhat more affordable than traditional cable connections. A 500 MBs connection in 2016 would have cost $150 per month in 2016 with a fiber connection and $110 per month with a cable connection. However, in 2020, a fiber connection of the same speed will cost less than half of what it used to at around $70 per month.

Cable connections, on the other hand, are priced at more or less the same rate. Hence, innovations in fiber have allowed it to become more affordable because of the fact that this is the sort of thing that could potentially end up decreasing costs in various different ways. Now, while the cable vs fiber debate is settled from a pricing perspective, there is one option that has become tremendously cheaper, even more so than the examples we have mentioned above.

The price of a fixed wireless connection that offers over 500 MBs speeds has dropped to as low as just $50 per month. While there are a few disadvantages with a fixed wireless connection, it nonetheless gives people the chance to get really affordable internet that offers some of the fastest speeds out there. Innovation in internet technology has made high speed internet cheaper at a faster rate than what low speed internet could keep up with. Hence, if you want more value for your money, you might want to try upgrading to a faster internet speed as soon as you can.
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