Verizon's $60 single line plan includes unlimited talk, text and 2GB of data
If you're curious about what the competition offers, AT&T has a similar plan that costs $65. Sprint has a $55 plan that gives users just 1GB of data, while T-Mobile's plan gives you 1GB of data for $50, or 3GB of data for $60.
The new plan can save Verizon customers $30 a month over the cost of a similar More Everything plan. The latter also provides unlimited calls and text, but a 2GB data package costs $50 and each smartphone on the plan tacks on $40. So that works out to $90 a month for the same plan that you can now pay $60 a month for. That is a $360 annual saving.
source: Verizon via Droid-Life