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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.
But $1,612 a year might be eliminated from the annual cost, assuming prisoners who could never be paroled are not enrolled in rehabilitation programs. However, at an annual cost of $137,102, a prisoner who sits on death row for 20 years could cost taxpayers a total of $2,742,040 in that time.Adding to the total cost of LWOP is that the California's prison population is aging.According to an Associated Press story published in July 2008, California housed 4,805 inmates 60 and older at the end of 2007, about 3 percent of all prisoners.sing the Legislative Analyst's numbers, if both were sentenced to life without parole and lived to the age of 65, the 34-year cost of housing, feeding and keeping them secure would amount to $1.598 million a piece, without factoring in the effects of inflation.