Switching to vaping could save smokers a whopping £1,699 per year, new research shows.
Researchers at Vape Superstore found that smokers in the UK spend £2,366 a year on cigarettes - over THREE TIMES as much as those who use a vaping kit.
Those using disposable vapes (31 per cent of all vapers) can expect to save £1,326 per year compared to smoking.
To put these figures into perspective, the average annual energy bill for a two to three person household in 2024 is £1,769, according to British Gas.
Currently you can buy disposable vapes for around £6, while the average price for a packet of 20 cigarettes is around £15.
A proposed vaping tax - set to come in from October 2026 - will see the cost of vaping e-liquid rise from £3 (per 10ml at 10mg strength) to £5.
Meanwhile a new tobacco duty means the cost of a packet of 20 cigarettes will rise from £13.49 to £16.
Even after the new vape levy kicks in, vaping will still be more than three times cheaper compared to a 10 a day smoking habit.
The most expensive countries in the world for smokers
The new study also reveals the most expensive countries in the world for smokers.
Australia tops the table, with a typical smoker spending £4,057 over a year. According to the average monthly salary, smokers in Australia can expect to spend 12 per cent of their income on cigarettes alone.
New Zealand comes in second with smokers spending £3,352 (12 per cent of the average salary), followed by Ireland at £2,413 (or eight per cent of the average salary).
At the bottom of the table is Switzerland, where smokers can expect to spend £1,478 per year on cigarettes, or two per cent of the average salary.
Numbeo was used to identify the cost of a packet of Marlboro cigarettes in each country, in which the countries were ranked according to its descending cost. The yearly cost is under the assumption that half a packet of cigarettes lasts one day.
David Phillips of Vape Superstore said: “E-cigarettes have been endorsed by multiple health professionals as a means to quit smoking without inhaling the harmful toxins that are in traditional cigarettes.
“As well as being a healthier alternative, our research shows that smoking is much more expensive than using a vape kit; 77 per cent more expensive in fact. In a time when being conscious of spending is a top priority, it is positive to see that e-cigarettes are a far more cost effective option, in which you are able to save almost £2,000 each year.”
