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I pay 40/month for my current gym (with no contract). I was working out at Gold's Gym when I lived in the south and was paying 40/month on a month to month basis. I would say that the 24 hour thing is a huge huge plus because you need to be able to knock out your workout whenever you can. So, because it is close to your home and 24hours I'd say it is a good deal. Go for it!.
Also, make sure you mark your workouts in a planner at least two weeks in advance and cross it off once you do it. That will keep you on track!
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