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To an extent, yes. In my case, I've done a lot of WordPress consulting over the past 10 years and I'm grandfathered into a very inexpensive shared hosting plan from Site5 that gives me WHM access and the ability to create as many sites as I want.

Works fine for static sites. Works fine for anything PHP. PHP versions are kept up to date.

But the cost of an additional site is effectively cost-free, so I'm hosting several small sites for small organizations and individuals.

It is for me...cheap and it works for basic things.

For me, no way. Not when VPSes scale down to $3.50/month.

VPS I'm using (1GB RAM/10GB disk) cost me 75 PLN a year, which is something around $19.

That's quite expensive, though not the typical price you'd pay from someplace like Digitalocean. I imagine this is from a host in your local country? Those tend to be more expensive if you're not in a common datacenter region.

$19/year is very reasonable.

Oh, per year. Never mind.