I have 14core/128GB RAM, 2x900GB nvme + 60TB spinning rust with 33TB traffic in someone else's closet and paying only $60 ¯\_(ツ)_/¯. Prices vary a lot when it comes to colocation
I run a couple ryzen mini PCs on Verizon fios 1Gbps at home now for my hosting needs but I would jump at $60 colo in a heartbeat if I got even 100mb connection unmetered.