The U.S. has the slowest internet speed for the highest cost.

Seoul Korea has the fastest speed at a low cost of only $30 a month. They get speeds of 1GB for that price. By contrast, the best speeds that consumers in Los Angeles, Washington, D.C., or New York can get are half as fast and cost $300 a month.

The report released Thursday the New America Foundation’s Open Technology Institute found that broadband is faster and cheaper in several Asian cities like Seoul, Hong Kong and Tokyo than in American cities.

The gap may be shrinking, however. Chattanooga, Tennessee built the country’s first citywide gigabit-per-second Internet network in 2010. The cost for the service has dropped from $300 a month to $70.

According to the Washington Post, Google is looking to expand its gigabit broadband service to several mid-size cities like San Antonio and Portland, but it is not expected to arrive in New York or Washington, D.C., in the near future.

The report said: "In general, our research shows that these locally-owned networks tend to deliver better value to their customers when compared on a price-per-megabit basis to competing cable and telecom providers in their own cities."