If you are under 200 SF for most of Mass, you can do whatever you want (used to be 120)...though I think there may still be a few communities still enforcing the old 120 rules. Still have to follow all your setbacks for your zone, of course.
For a shed, there are other options to economize. I scrounged the framing and siding for this, just had to buy the roofing, flashing, and fasteners. This was built under the old 120 rules:
Pallet racking, steel studs, a beam with trolley and hoist, and siding all from CL. Even at that short 4' span, I was outside the rated loading of the studs, so switched to wood 2x4's for the upper roof. If you do the gambrel part right, you get a storage shelf in the roof overhang.
I've done studs on slab, studs on skids (friend's shed), studs on post footings (enclosed porch), steel on slab, and simple pole structures (woodshed on blocks with braces, garden shed on slab). Pole barn type structures may or may not save you some on materials, but they also go together very fast, especially if you aren't going to finish off the inside. T1-11 siding, metal siding, or board-and-batten using locally sourced roughsawn native lumber can go quick.
And if it doesn't need to be inspected, you can use native lumber for the structure, too. That will save you a lot more than switching to steel studs, even scrounged ones. Just have to get used to working with full dimension lumber. Full dimension roughsawn, pole or studs on 2' centers, with roughsawn board-and-batten or shiplap is a very New England sort of shed. If economy is the biggest concern, metal roofing, or the UV-rated plastic panels are good. I'd avoid the Ondura stuff, personally. I use OSB and shingles on most of mine just to match the house.