Yes. I have gamepass on my PC and it's cheaper than Game Pass for Xbox. I also have PS Plus Premium which is 300 more games for even less.

For games not on subscription, nothing is cheaper than used, physical copies (and even new physical titles that are older). They are cheaper than digital sales and you don't have to wait for sales. You can also sell, trade and borrow them. I buy and sell video games as a side hobby and it pays for both of my subscriptions and all my other games.

Game Pass is a fine service. The library of 450+ games is a lot of mid, though. It doesn't have nearly the GOTY lineup or the 750+ games that PS Plus Premium has for half the price.