Microsoft announced Tuesday that its updated OS X productivity suite, Office for Mac 2011, is now available. Office for Mac consists of Microsoft’s class-leading productivity applications including Microsoft Word, Microsoft Excel and Microsoft PowerPoint. For the first time, the suite also includes Microsoft Outlook, which replaces the less popular Entourage email client. Mac users have been waiting for Microsoft to replace Entourage with Outlook for years now, and this switch alone is likely worth the price of admission. And as far as pricing is concerned, Office for Mac 2011 breaks down as follows:

  • Microsoft Office for Home and Student 2011 (single license): $109.99 – $149.99
  • Microsoft Office for Mac Home and Business (single license): $174.99 – $279.99

As is often the case, third-party retailers such as currently offer the best pricing on Microsoft’s new Office for Mac 2011 suite.