Yeah it's more than absurd. I have a rented server that does 230TB egress a month. That's 4710$ in AWS egress fees (0.02$ per GB). I pay 40 Euros or about 0.0002 per GB and that includes an AMD Ryzen 5 3600 with 64GB RAM.
That's https://mevspace.com/ but hetzner, scaleway, ovh, psychz.net, reliablesite.net etc. have similar pricing. If you increase your budget to 100 there are many, many more in Europe and the US.