Broadband Prices Have Fallen by 14% to 42% in 5 Years
The biggest broadband price drops occurred for services faster speeds, with ultra high-speed plans falling by 42% according to a new study from Broadband Now
A new study from Broadband Now has found significant price decreases in broadband services for all major download speeds and technologies, with cable, fiber, DSL and fixed wireless all showing declines.
The study, which is based on average pricing of broadband internet plans for 50 providers since 2016, found the biggest price drops among the higher speeds, with the average price for a 500 Mbps service decreasing by $59.22 a month or 42%.
The report found that the average price decreases by other speeds were: $8.80 or 14% for 25 to 99 Mbps speeds; $32.35 or 33% for 100 to 199 Mbps; and $34.39 or 35% for 200 to 499 Mbps.
The report also examined pricing by different types of technologies and concluded that “[f]iber tends to be cheaper than cable for most high-speed plans, even as fiber is generally considered to be the most robust and highest quality type of wired internet connection,” the authors Tyler Cooper and Jason Shevik reported.
The report covered the period from the first quarter of 2016 to the fourth quarter of 2021.
More data and charts are available here (opens in new tab).
The latest product and technology information
Future US's leading brands bring the most important, up-to-date information right to your inbox
George Winslow is the senior content producer for TV Tech. He has written about the television, media and technology industries for nearly 30 years for such publications as Broadcasting & Cable, Multichannel News and TV Tech. Over the years, he has edited a number of magazines, including Multichannel News International and World Screen, and moderated panels at such major industry events as NAB and MIP TV. He has published two books and dozens of encyclopedia articles on such subjects as the media, New York City history and economics.