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Alcohol calculator: What is the cost of alcohol in 2023?

Work out your savings and see the financial case for going sober.

It's no secret that Australians love a drink. ABS figures – analysed by Finder – show households spend a massive $1,891 on grog per year on average. And the high cost of alcohol is a big reason why so many are reconsidering their vice.

Cost of alcohol calculator: How much money can you save without alcohol?

Check out Finder's cost of alcohol calculator below and work out how much money you can save if you cut down or ditch the booze completely.

Calculate Your Savings

Use the calculator below to work out how much you can save by changing or reducing your alcohol consumption. Developed by finder

Economic cost of alcohol abuse in Australia

The Australian Institute of Health and Welfare (AIHW) estimates that the social and economic cost of alcohol use rounds up to $66.8 billion.

Of course, alcohol cost doesn't end when the bill's settled. In fact, components of this cost estimate include healthcare costs, death, injury, loss of property and crime. The figure above may be a conservative estimate since data on substance abuse are often underreported.

Legal aid costs for alcohol-related cases alone are estimated at $44 million per year.

Health costs: the shocking number of alcohol-related deaths in Australia

Every year there are more than 4,000 alcohol-related deaths in Australia, according to the National Health and Medical Research Council.

Based on an AIHW study, there were 30,000 alcohol-related hospitalisations between 2019 and 2020. Falls and alcohol poisoning are among the top causes.

According to an ABS report on alcohol consumption, 1 in 4 Australians ages 18 and over drink more than 4 standard drinks a day or the recommended maximum of 10 standard drinks per week. This is based on the latest alcohol guidelines the National Health and Medical Research Council sets.

What are some of the benefits of reducing alcohol consumption?

Aside from reducing your taxi bill, there are a range of different benefits to going sober. Primarily, it leads to better overall health and wellbeing. Alcohol has been associated with a long list of chronic diseases and medical emergencies. Taking even a small amount of alcohol increases your risk of developing cancer.

By cutting down on alcohol, you might save yourself from expensive medical treatments, rehab, maintenance drugs, and other medical care and support you might need later down the line.

It doesn't need to be Dry July to get started on a (safe) alcohol detox journey and be empowered to go beyond. Find more resources and learn more about how to manage your drinking.

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