How much will the Verizon Iphone cost me a month?

I am planning to get the Iphone for Verizon when my contract is up in just a few weeks. As of now I am on a family plan with my parents, which I pay $25 for with texting included. If I want the minimum cost for the Iphone on the verizon network how much will it cost? My friend said he only pays $30 a month is this true?
 
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