If you’re paying metered you’re off by an order of magnitude - much more expensive. Even bandwidth based transit will be more expensive than that at most colos
I pay roughly $800/mo each for two 10 Gbps transit connections (including cross-connect fees), plus $150/mo for another 10 Gbps peering connection to my local IX. 2-3 Gbps works out to less than $200/mo. (This is at a colo in Denver for my one-man LLC.)