Right on schedule, Verizon today turned on the first fully-functional 5G wireless network in the world. Now before you run down to your local Verizon Wireless store to grab a 5G smartphone, we'll have to temper your expectations. There still aren’t any 5G-capable smartphone available, and this initial service is called Verizon 5G Home, which is only for residential internet services.  

And we should also mention that it is only available in four U.S. cities at the moment: Houston, Indianapolis, Los Angeles and Sacramento. If you live in one of these cities, you'll be able to access "typical" network speeds ranging from 300Mbps to 1Gbps. We doubt that it'll rival Google Fiber's sustained symmetrical 1Gbps transfers, but the 1Gbps top-end is still higher than what many Americans are able to achieve with their cable connections.  

Verizon 5G Home is priced at a [relatively] reasonable $70 per month and there are no data caps attached, which is somewhat surprising (and appreciated). If you already have a qualifying Verizon Wireless smartphone plan, your monthly price is just $50 per month.