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The phrase 'costs of' is correct and can be used in written English.
You can use it to refer to the amount of money spent to pay for something. For example: "The costs of the project have increased significantly since we first started planning it."
Exact(60)
Costs, of course, would increase.
Costs of entry are low.
And the costs of borrowing are rising.
It was "the costs of going public".
The costs of colonialism were unequally distributed.
What are the costs of negotiating?
The costs of a mistake are high.
So Americans understand the costs of war.
The Costs of Cleanup Are Cheaper".
The costs of fiscal laxity were low.
Grossly Underestimates Costs of Cap and Trade".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com