Complete Guide to Costs, Savings, and Business Potential
Explore GuideDoing laundry is an essential part of daily life, yet many households and businesses often wonder whether it is better to rent a washing machine, own one, or simply rely on laundromats. This question goes beyond convenience. It involves a detailed look into costs, long-term value, energy consumption, and even business opportunities for those considering entering the laundry industry.
In this complete guide, we will explore the real cost of laundry machine rental, how much it costs to run washing machines and dryers, the advantages and disadvantages of owning versus renting, and the profitability of laundry businesses. Whether you are an individual seeking affordable laundry solutions or an entrepreneur looking at commercial opportunities, this article will give you a comprehensive roadmap.
Renting a washing machine can be attractive if you need flexibility or if you live in temporary accommodation. Rental services often include maintenance and repairs, reducing unexpected costs. However, over time, renting may become more expensive than owning a machine outright.
Owning a washing machine generally pays off in the long run, especially for families who do laundry multiple times a week. Although upfront costs are higher, the average washing machine lasts 10 to 12 years, making ownership more cost-effective compared to long-term rental.
Laundromats provide convenience for those without home machines, but the costs add up quickly. A single wash can cost between $4–$6, with dryers costing $3–$5 per cycle. Families who need to do multiple loads weekly often spend more at laundromats compared to having their own washer and dryer.
The average washing machine uses 0.3–2 kWh per load, depending on model and efficiency. With electricity costs at around 30 cents per kWh in Australia, one load can cost as little as $0.20–$0.60. Add detergent and water usage, and the total cost per load averages $0.50–$1.00.
| Expense Type | Laundromat | Home Laundry |
|---|---|---|
| Wash Cycle | $4–$6 per load | $0.20–$0.60 (electricity only) |
| Dry Cycle | $3–$5 per load | $0.60–$1.35 per cycle |
| Detergent | $1–$2 per load (if purchased there) | $0.25–$0.50 per load |
| Transportation | Variable (gas, time) | None |
| Monthly Cost (8 loads) | $64–$104+ | $8–$24 |
Dryers are among the most expensive appliances to run, consuming 2–4.5 kWh per load. That equals about $0.60–$1.35 per cycle. Using dryers sparingly or switching to air-drying can reduce laundry costs significantly.
Modern front-loading washing machines are more energy-efficient compared to older top-loaders. A 7kg washing machine typically uses about 0.7 kWh per wash, which is minimal compared to dryers.
While washing machines contribute to utility bills, they are not the largest consumers. Appliances like air conditioners, water heaters, and electric ovens usually dominate electricity use. This makes efficient laundry practices a key part of lowering household bills.
Many energy providers offer off-peak electricity rates. Running machines at night or during off-peak hours can reduce costs by up to 40%, making timing a simple but powerful savings strategy.
Factoring in purchase price, electricity, water, and maintenance, owning a washer and dryer typically costs $20–$40 per month over their lifespan. This is still cheaper than frequent laundromat visits.
Buying machines as a set often provides better pricing and ensures compatibility in terms of load capacity. Combo washer-dryer units are also available, though they may be less efficient for large families.
On average, washing machines last 10–12 years, while dryers last 10–15 years. Proper maintenance, such as cleaning filters and using the right detergents, can extend their lifespan further.
Choosing the right type depends on your budget, laundry frequency, and space availability.
Portable washing machines use less water and energy, making them a good choice for small households, apartments, or renters. However, they may not handle large loads well, making them less ideal for families.
Commercial laundry machines are significantly more expensive than household models. Prices range from $3,000–$10,000 per machine, depending on size and technology.
Yes, laundromats are profitable due to steady demand. Profit margins range from 20–35%, with annual revenues averaging $300,000–$1 million for a well-located business.
Starting a laundromat requires initial investment in machines, leasing space, and utility setup. On average, it takes $200,000–$500,000 to set up a self-service laundromat, depending on location.
No, the average washing machine load costs less than a dollar when used efficiently. The real cost driver in laundry is the dryer.
Deciding between renting, owning, or relying on laundromats comes down to lifestyle and financial priorities. For short-term living situations, renting or using laundromats makes sense. For families and long-term residents, owning a washer and dryer is usually the most cost-effective solution. And for entrepreneurs, investing in laundry businesses can offer reliable profits due to constant demand.
By understanding costs, energy consumption, and long-term value, you can make informed decisions that suit your household or business needs.