electronic cigarette cost
The cost of electronic cigarettes (e-cigarettes) varies widely depending on the type of device, usage frequency, and location.
Initial Investment
- Disposable e-cigarettes: These are single-use devices and typically cost between $1 to $15 each.
- Rechargeable starter kits: These include a device and multiple pods, ranging from $25 to $150 or more.
Ongoing Costs
- E-liquid refills: Users of rechargeable devices need to purchase e-liquid refills. Monthly costs can be around $50 to $75.
Factors Influencing Cost
- Usage frequency: More frequent vaping leads to higher e-liquid consumption and increased costs.
- E-cigarette taxes: State-level taxes on e-cigarettes can significantly impact the overall cost.
- Flavor: Flavored e-cigarettes can sometimes be more expensive than non-flavored options.
Comparison to Traditional Cigarettes
Studies show that the average monthly spending on e-cigarettes can be around $82.22, while cigarette spending is approximately $118.77 among dual users.
Demand Elasticity
E-cigarette demand has an own-price elasticity of demand of -2.2, with flavored e-cigarettes being more price-sensitive compared to non-flavored ones.
