While the startup costs can sometimes scare smokers away, the bottom line is that switching to vaping will save you at least hundreds of dollars every year
Tobacco use is something that is almost as old as humanity itself, but it wasn’t until the 1900s that tobacco companies started to add substances to their cigarettes aimed at increasing usage. We all know now that the majority of these chemicals put into cigarettes are incredibly detrimental to human health when smoked. We as a society have been working to get people off of cigarettes through education and limiting access by children. But one of the most significant and common ways cigarette use has been curbed is through the use of taxes.
Taxes on combustible cigarettes have been on the rise for many years now, with states like New York and California particularly feeling the difference. But even in states where the taxes have been limited, cigarettes are still an incredibly costly habit, in addition to being a deadly one. Luckily, the rise of vaping technology has given smokers a new way out that is not only much safer but also a lot more cost-effective over time.
The Basic Numbers
A study on this very subject was published back in 2016 on the BMJ’s Tobacco Control journal. They found that despite the higher initial investment, vaping will still save thousands of dollars every year for a pack a day smoker. When you take a more in-depth look at the numbers, things become obvious. The average pack of cigarettes in the US costs over $7, but as mentioned, it can be much higher in places like New York where the taxes drive cigarettes to over $10 a pack. But even using the average cost of $7.26 per pack, the savings are fantastic. If you’re a pack a day smoker at $7.26 each, you’ll spend around $2650 every year on cigarettes. In New York or California, that number can reach as high as $3500. Not to mention how much more expensive it would be if you smoke more than one pack a day.
Vaping, on the other hand, comes in many different forms, all with their pros and cons, including the cost. If you opt for the most basic type of vaporizer, a disposable cig-a-like, you’ll be spending on average $9 but receiving the equivalent of around three packs of cigarettes. That would bring the yearly cost of disposable cig-a-likes to about $1314, a savings of $1336 compared with the average price of traditional cigarettes. But these savings become even more impressive if you opt for an advanced device like a pen or box mod.
If you go for a more advanced type of vaporizer, you’ll likely have to spend more when getting started, but this is also where the savings start being out of this world. A typical vape pen starter kit with interchangeable cartridges can cost around $50-$70. But after this initial investment, you’ll only be paying for cartridges or an occasional new battery. This puts the yearly cost of a vaporizer with pre-filled cartridges at around $1000 per year, a saving of over $1600 per year.
Taking things a step further, if you purchase a mod with a refillable tank, you’ll only be buying e-liquid and replacement coils, both of which are very cheap. Taking all the figures into account, most vapers who invest in a refillable tank vape will spend only around $500 per year on their habit. Saving people in places like New York an average of $3000 per year! Just think what you could do with an extra three grand every year.
You don’t have to opt for the super advanced, sub ohm box mod to start saving money. As discussed above, even switching to disposable cig-a-likes, which require no additional startup fees, will still save smokers over a $1000 every year; Saving even more in states like California. So don’t let the startup costs be the reason you decide to stick with smoking.
Even if the cost savings weren’t enough to convince you, just look at the growing peer-reviewed evidence that says not only is vaping at least 95% safer than smoking, but it’s also likely to be the best smoking cessation tool we currently have at our disposal. Insurance companies have taken notice of this, and many are now offering lower rates for smokers who successfully make the switch to vaping. The initial costs can sometimes be enough to scare would-be vapers away but rest assured that committing to the switch is one of the best things you can do for the health of you and your wallet.
How much do you spend per year on cigarettes? Do you think you would stand to save a lot of money if you made the switch to vaping? How can we best convince people that switching is the right move for their health and income? Let us know what you think in the comments.