I run my blog on a $25 (not month, overall cost) Raspberry Pi 2[1]. I use Markdown. I (ab-)use S3 for image storage. I use 11ty[2].
It doesn't take a coder to know how to do this. And it doesn't take a lot of time, either. SSL certificates are free, thanks to Let's Encrypt, nginx is an "apt get" away. That's all it takes if you want to blog(!).
If you want e-Commerce or shill your newsletter or whatever else uses blogging backends like WordPress, then $177/year is a steal. If you just want to blog, the weekend with Eleventy and a free copy of Obsidian[3] are cheaper, less hassle, and you keep your data in a format that's not Wordpress' pseudo-XML abomination.