Maybe that's normal in US but it's way overpriced in UK. They want £75/mo and I'm paying £35 for 500Mb in a rural area and there's several different providers to choose from. My sister is even more remote than me and they're getting fibre this week.
I could also get unlimited 4G for about £20.
I don't know anyone who is using starlink
Years ago now I was asked to be on call for a week, 24/7 outside working hours. I was told it would be paid. Being naive I thought I'd be paid at my normal rate.
Turns out the on call rate was based on the likelihood of being called and this project was deemed to be low, after tax I got less than £10 extra for the whole week. It was something like 14 pence an hour.
They had a whole load of restrictions on my life as well, couldn't be more than an hour from the office, couldn't be drunk, had to answer the phone within a minute at all times and be able to get on my laptop within 5 minutes.
Refused to do it again after that first week and they ended up having to pay a contractor £400/week instead.
I thought colo was your hardware in someone else's data center.
For me though a VPS is still self hosting because you own your applications data and have control over it.
You're less beholden to the whims of a company to change the software or cut you off. With appropriate backups you should be able to move to a new cloud provider fairly easily.