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I remember you, you said you pay ridiculous price for host just because your web host need to be located there. Server like that should cost 20$ monthly, non-managed.
For management, add from 50$ to 150$ dollars, depend on who provides management.
And also to answer do you need management - no, you can have control panel like whm/directadmin/webmin, as they do everything what average user need- adding domains to dns, creating mysql databases, creating ftp users,etc... And if you learn few linux commands, you dont even need control panel. But better to start with control panel when you dont know anything, after all i was using whm/webmin till i learned everything what i needed to know.
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