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Rating Newest Oldest. Best Answer: Quote: Prisons cost taxpayers more than $32 billion a year. Every year that an inmate spends in prison costs $22,000. An individual sentenced to five years for a $300 theft costs the public more than $100,000. The cost of a life term averages $1.5 million.
A report by the organization, The Price of Prisons, states that the cost of incarcerating one inmate in Fiscal 2010 was $31,307 per year.In states like Connecticut, Washington state, New York, it's anywhere from $50,000 to $60,000, he said. Yes - $60,000 a year.That's a teacher's salary, or a firefighter's. report by the organization, The Price of Prisons, states that the cost of incarcerating one inmate in Fiscal 2010 was $31,307 per year.