c1.medium is an AWS EC2 instance with 2 vCPUs, 1.7 GiB memory (Intel Xeon Family). In US East (N. Virginia) it costs $0.13 per hour on demand ($94.90 per month) for Linux; a 1-year reserved instance with no upfront costs $0.091 per hour, 30% less. Spot capacity is about $0.0201 per hour. It is sold in 9 regions.
Prices by region
USD per hour, Linux. Reserved prices are no upfront, standard. Cheapest on-demand first.