That is almost impossible pricing these days at any bandwidth level unless you are either a) renewing an existing contract without negotiation b) are negligently bad at negotiation and are being taken advantage of c) are self dealing / sabotaging. (*unless you're in Australia)
A report by the Internet Society (ISOC) about IXPN and Kenyan IXP revealed that in early 2020, the port charge at IXPN was US$0.428 per month per Mbps (for a 1 Gbps port), while the cost of international IP transit is US$27.45 per Mbps per month (also for 1 Gbps capacity).
Let me find more recent estimates. Just note that we aren't all in Ashburn, Frankfurt or Amsterdam
"Richard Obita, the Director, Planning, Research and Development at NITA-U, assured the MPs of his group’s aim to reduce the cost of internet further from the current US$70 for each megabit per second to US$35, which, if correct, is still astronomical compared to many countries."
From Uganda April 2023. And Zimbabwe and Eritrea are more expensive
Bandwidth is cheap.