The Financial Upside of Vaping Over Smoking
In a groundbreaking revelation, Yocanvaporizer’s latest research indicates that the average tobacco smoker in Oregon stands to save a whopping $1,817 annually by transitioning from cigarettes to disposable vapes.
Crunching the Numbers
The study took into account the annual expenditure on cigarettes across all states, juxtaposing it against the average cost and longevity of disposable vapes. The data suggests that an Oregonian smoker typically shells out $2,537 on cigarettes annually. In contrast, the same individual would only spend approximately $720 on vapes over the same duration.
The Daily Cost of Smoking
The American Lung Association states that an average smoker consumes about 14 cigarettes daily. With a 20-pack of cigarettes priced at $9.93 in Oregon, this translates to a daily expense of $6.95 or a weekly outlay of $48.66.
Annually, this habit costs smokers a staggering $2,537, which is 233% more than the average yearly gas utility bill in the U.S., as reported by the U.S. Energy Information Administration.
The Potential Savings with Vaping
While the success rate of quitting smoking remains low, with fewer than 1 in 10 adults achieving this feat each year as per the Mayo Clinic, the financial benefits of switching to vaping are undeniable. Not only is nicotine vaping proven to be less harmful than traditional smoking, but it also offers substantial monetary savings.
For Oregonians open to the idea, transitioning from cigarettes to disposable vapes could lead to an annual saving of around $1,817, slashing their yearly expenses by over 72%.
A Nationwide Perspective
Despite the evident financial advantages, the national smoking rate for traditional cigarettes remains at 16.6%, significantly higher than the 5.7% rate for vaping.
States like Alaska, where a 20-pack of cigarettes costs a steep $14, could witness even more significant savings. The data reveals that Alaskan smokers could cut their annual expenditure by 76% by opting for vapes, resulting in yearly savings of $2,717.
Maryland tops the list of states with potential savings, where vaping could lead to a 76.6% reduction in annual costs.
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Top 10 States Benefiting the Most from the Switch
| State | Annual Cigarette Cost | Annual Vaping Cost | % Saving |
|---|---|---|---|
| Maryland | $3,066 | $718 | 76.6% |
| Alaska | $3,577 | $860 | 75.9% |
| Montana | $2,555 | $622 | 75.6% |
| Massachusetts | $3,322 | $857 | 74.2% |
| Louisiana | $2,811 | $734 | 73.9% |
| Connecticut | $3,322 | $869 | 73.8% |
| Wisconsin | $2,555 | $692 | 72.9% |
| Illinois | $2,044 | $566 | 72.3% |
| Washington | $2,555 | $713 | 72.1% |
| Oregon | $2,537 | $720 | 71.6% |
The Bigger Picture
The study also hints at even greater potential savings if smokers were to consider reusable vapes over disposable ones.
A spokesperson from Yocanvaporizer commented on the findings, stating, “We’re all aware of the negative consequences of smoking – including the increased risk of contracting a lung or heart disease – but what people can often overlook is how much their habit is costing them. Many who are reluctant to cut down or quit will see this expenditure as necessary, but this data shows that you can still satisfy your nicotine cravings and prioritize saving money – which will come in handy as we head into the expensive holiday season. Whether you’d switch to vaping as a tool to quit or to minimize the associated risks, it’s good to know that you’ll be able to reap financial rewards alongside those for your health.”
