I also have the $99 / year Microsoft 365. This gives you 5 people, 1Tb of space each, email, calendar, etc. $99 per year. Not per person per year. Just per year.
Sadly there are too many things I have tied to Google that I am not sure if I can make that switch to Microsoft. But it is getting more and more tempting.
For the many families who have used GSuites for the past years, I would love to see a $3 / month / user, maximum of 5-10 users.
I am stuck in the same boat as many others who created it for the family 10+ years ago and now am going through how to move each service (GMail, Drive, Keep, Photos, YouTube etc etc) to a plain Gmail account. I have most of it worked out, but it is going to take a lot of time getting 5 people migrated.