What Does An IED Cost?

Less than it used to:

[A]ccording to the Pentagon’s bomb squad, the average cost of an IED is just a few hundred bucks, pocket change to a well-funded insurgency. Worse, over time, the average cost of the cheapo IEDs have dropped from $1,125 in 2006 to $265 in 2009. A killing machine, in other words, costs less than a 32-gig iPhone.