So, the "fair price" for internet bandwidth in Europe/NA is typically between a tenth and a quarter of a single cent per GB transfered in the heaviest direction.

So you prefer to pay $4.50 for your vm + 47.12126 cents for 460Gb data transfer , rather than $5 for your VM with unmetered data transfer?

I think by the way that the sensible answer is what DO/Linode etc do which is allocate some included data transfer per VM and pool it across your account. That's honestly a very sensible balance from my viewpoint, but they then charge you quite alot for overage around 1-2c per GB which is ~10X the "fair price".