Office Home & Business 2016 costs $229.99 and adds Outlook. If you don't want the yearly Office 365 subscription, here's how much the standalone suites cost: Office Home & Student 2016 costs $149.99 and comes with Word, Excel, PowerPoint, and OneNote.
You have to either subscribe to Office 365 to get access to Office 2016 or buy a standalone version of Office 2016. Unfortunately, if you don't have an Office 365 subscription and already bought Office 2013 or an older version of Office as a one-time option, there is no upgrade option. Upgrade to Office 2016 from Older Versions of Office
