No. Design isn’t a commodity.
“A commodity is anything for which there is demand, but which is supplied without qualitative differentiation across a market. In other words, copper is copper. Rice is rice. Stereos, on the other hand, have many levels of quality. And, the better a stereo is, the more it will cost.”
You’ll find a wide range of pricing when you start looking for a graphic designer. Some of us work independently which helps keep our costs down, while others will have large overhead because they work for a firm. Brand new designers tend to charge less in order to gain a client base, but may or may not provide you with the guidance and experience you need. I’m competitively priced, but don’t forget that you get what you pay for.