It is worth it when what you watch is live
The case for IPTV is narrow and strong: live television costs a great deal through a cable subscription and much less delivered over the internet, and nothing else about the picture changes. If your week includes live sport, live news, or anything you would not bother watching a day later, that gap is the whole argument.
This is also why the streaming services you already pay for do not make the question go away. On-demand libraries are a different product; they are not trying to hand you a channel at eight o'clock on a Sunday, and they do not.
It is not worth it if you mostly watch on demand
If your viewing is films and finished series, you are already served, and a live lineup is a bill for something you will not open. Buying access to hundreds of live networks to watch four of them is the same mistake as the cable package you are trying to leave, at a smaller number.
The honest test is your last month, not your intentions. If you cannot name three live things you missed and wanted, live TV is not the gap in your setup.
The local-channel caveat nobody puts in the headline
Local broadcast is licensed market by market, so which affiliates are available depends on your ZIP code. That is true of this category generally, and it is the detail most likely to make an otherwise sensible purchase disappointing.
If your reason for subscribing is one particular local station — your city's evening news, a regional sports broadcast — confirm that specific channel is carried before you pay, rather than assuming a large lineup implies it. A checkable list is the point of publishing all 231 US networks by name.
What the money actually looks like
Comparing the advertised prices understates the gap, because a cable bill is not its advertised price: equipment rental, broadcast fees and regional sports fees are added after the number you were quoted, and the promotional rate expires while the fees do not.
Our own arithmetic on that is published rather than asserted — the five-year comparison lives in the IPTV versus cable cost guide, and the calculator lets you put your own bill through the same model. Against that, this service starts at $5.00 per month on the annual plan (14 months of access for the price of 12).
How to answer this in one evening
Do not decide from a feature list. Subscribe to a service with a written refund window, then spend the first evening testing the two conditions that actually break: a weeknight prime-time slot, when every provider is busiest, and one live event you care about, start to finish.
If both hold up, the question is answered by evidence rather than by marketing. If either fails, use the refund window — that is what a 7-day money-back guarantee is for, and a provider that makes claiming it difficult has told you something more useful than any review could.
The trade you are actually making
You give up a bundled bill, an installer visit and a rented box, and you take on setting the thing up yourself on hardware you already own. For most people that is twenty minutes once, which is why the cost gap survives contact with reality.
What you should not give up is recourse. A provider that publishes its licensing position, states an uptime commitment in its terms of service rather than on a marketing page, and lets you leave inside a written window is making the decision reversible. Reversibility is the part worth paying for; everything else is arithmetic you can check.