That $52000/year isn’t enough to pay for even a single full time IT person. So now you’re probably either spending dev time on server admin (which is wasteful of dev salary, and it’s a subject they aren’t experts in, so you’re literally paying more for worse results), or outsourcing to an entity that hires the cheapest employees it can.
Oooor, use a cloud provider. And if you’re a small company, you can probably get away with cheaper shared hosting.
Netflix is still making money, and the cost of their tech is utterly dwarfed by the cost of creating and licensing content, so I’m not sure what your point is.