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Domain
Hosting
Hosting a website can vary in cost. It is basically renting space on the server. Each hosting company may charge a different fee depending on what they offer. For example, "Godaddy.com" starts at $7.99/ month for their economy package at regular price. However, moving up to their deluxe or ultimate packages offer more features, but the price can increase up to $18.99/ month. Regardless of the price, once your domain name is registered, the host should have your website running within a week. 
Registering a domain name can range between $10 to $30 yearly (on average) That address can also be registered up to 10 years. Using "Godaddy" as an example again, they can offer a free domain when they host your web page. The cost of the domain name is to pay for updating the central address book, similar to keeping a phone number in the telephone book.
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