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Folks who are curious about this whole "5G" thing but don't want to take out a loan to get in on it got some good news from Motorola Monday.

The Illinois-based tech giant just announced that the Motorola One 5G will launch in the United States later this year for less than $500.

Motorola didn't share an exact price, but promised it would launch below that threshold. The device will be available on AT&T "soon", the company says, and on Verizon in early October.

It's the newest in a nascent, but noteworthy, market for mid-range 5G smartphones, alongside the $600 Samsung Galaxy A71 5G and the $500 Google Pixel 4a 5G, which is set to launch later this year, as well.

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Use the new Motorola One 5G for contactless payments.Credit: Motorola

We haven't gotten our hands on the One 5G yet, but it could be pretty good value regardless of whether or not you use 5G religiously.

It's got a 6.7-inch display with HDR10 support and a 90Hz refresh rate, making its screen a step up from the recently released Pixel 4a (which has a 5.8-inch display). Additionally, the 48MP quadruple rear camera array features a wide angle lens and a macro lens with its own ring light instead of the normal flash bulb.

Oh yeah, there are two selfie cameras, too. One of them lets you take wide angle shots for whenever we can get together in large groups again. The 5,000mAh battery should keep it alive for a while between charges, but its 4GB of RAM and 128GB of storage might be examples of how Motorola kept the price down. Last but certainly not least, the Motorola One 5G comes with a headphone jack.

Again, specs only tell us so much before we get to actually use a new phone. But until then, the Motorola One 5G is something to keep in mind for those who want a new phone this fall but don't want to pay Apple or Samsung prices.

Topics5GMotorola