The Real Cost Of Owning A Smartphone

 There's a pretty good chance you either own a smartphone or, according to the stats, you're going to own one really soon. A recent Nielsen report said that almost half of all mobile subscribers now have smartphones.

If you already have a smartphone, the reasons are pretty obvious why you'll hold on to it. You can download apps to organize your work, play games, search Wikipedia, get directions and connect to the Internet whenever you want.

However, like anything else we buy, there's a cost of ownership that we rarely think about when we make a purchase.

So, what's the real cost of owning a smartphone?

What It Really CostsAccording to the Wall Street Journal, the average data, texting and minute plan for a smartphone costs about $2,100 for a two-year contract. However, that's not the real cost. The average tax on smartphones is about 15% and some can be as high as 20%. On top of the taxes, you need to factor in costs like overage charges and other fees. When all of these are added together, the average cost for owning a smartphone is $3,400 over two years.
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