How much does an iPhone 5 cost
It is a bit overpriced but just wait a while. Or if you have Sprint, Verison, or AT&T you can get a free black or white 8gb iPhone 4. Just wait till your contract is over then go and get one.
$700 w/o contract, $200 with
If you have a plan then you can get a 16 gig for about 199 32gig is about 299.