Customers will also want to factor in the cost of refilling printer ink and paper for whichever printer model they are considering.

Ink and paper, known as consumables, vary in cost depending on printer type and paper quality.

In general, photo printers and inkjet printers consume more ink than laser printers, requiring customers to refill cartridges more often and making them costlier to operate. The trade-off is higher-quality color and photo prints.

Glossy photo paper is pricier than plain paper. However, for photo prints, there's just no comparison – glossy photo paper is a must.