He could be rurally located. Its a similar rate for the same speed out to the farm here, which doesn't seem unreasonable when you consider how expensive it was for the ISP to bring fibre out to the farm.
In Ottawa Canada I happen to get Bell Fibe 1.5gbps for $35/month bundled with my rent. It used to be $100 for 1gbps but my building made a deal with Bell which got us great savings and an upgrade.
I really can't complain. Service has been rock solid for the past 5 years with fibe. But I hate the company and the way they run their business. If I had an option for a smaller company with better support for fiber, I would switch right away. But I don't, it's a monopoly.
Two companies I like a lot are Start.ca and Teksavvy, they both resell cable and DSL service and have great support staff. But since they resell, they get shafted by Rogers and Bell on service costs. The regulations are abysmal for competition here.
How about this: I pay $130/month CAD for 10mbps point to point wireless. And only 4km from the city (where there's fiber). There's both cable and fiber 750m from me @ the highway. Nobody will run it to my house.
FWIW I have a natural gas line to the house, and it was put in at the road recently. Why they didn't run fiber at the same time, I don't know. But that's North America for you. The land of mediocre.
Enjoy it while you can. I was getting this with Bell while living near downtown Toronto (in a condo). Shortly before I moved last summer Bell started raising rates with the excuse that "they need the money to invest in new infrastructure". Without competition from smaller ISPs expect RoBellUs to squeeze us like oranges until there's no more juice left.