Looking for a Good Internet Deal? Check the Cost Per Mbps

It’s no secret thatshopping for internetis frustrating and confusing.

Typically, we’re just hunting for a good monthly price.

But depending on whatproviders are available in your areaand what kind ofinternet connection typeyou’re opting for (Cable?

Going wireless with 5G?

), that price tag will fluctuate.

It’s little wonder why theinternet as an industry consistently ranks lower than airlines and the post office.

But what, exactly, is the cost per Mbps, and how do you find it?

For that matter, what is Mbps?

Lets dive right in.

Locating local internet providers

What is Mbps?

Cost per Mbps is the ratio between an internet plans monthly rate and its advertised speeds.

Specifically, it estimates what you pay for 1Mbps, not including taxes and fees.

Cost per Mbps is essentially the same thing.

Its per-unit pricing for your internet to help you quickly compare value.

Dont worry, its not hard.

Take theVerizon Fios300Mbps plan.

Service starts at $50 a month for download speeds up to 300Mbps.

$50 divided by 300 equals a cost of around 17 cents per Mbps.

$75 divided by 500 gives us a cost per Mbps of 15 cents.

So, while the 300Mbps plan is cheaper, the 500Mbps speed tier is the better overall value.

Additionally, its a good idea to be aware of introductory versus standard rates, if applicable.

Its like purchasing a 20-ounce can of soup when youre only hungry for 12 ounces.

Say youre comparing the cheapest plans from Cox and AT&T Fiber.

AT&T Fiber is the better deal, though slightly more expensive.

Heres a look at the average cost per Mbps of some of the top cable and fiber internet providers.

Source: CNET analysis of provider data.

To simplify the process, start by comparing the connection types, speeds and pricing available at your address.