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Over the last 30 years, space per unit cost has doubled roughly every 14 months (increasing by an order of magnitude every 48 months). The regression equation is given by: Several terabyte+ drives have recently broken the $0.10/gigabyte barrier, making the next milestone $0.01/gigabyte, or $10/terabyte.
According to Pingdom, the 2011 average price per GB for the SSD is about the same as it was for HDD in 2002. SSDs are expected to be priced at about $1 per GB sometime in the second half of next year.