The electric stove is generally cheaper than the gas stove in terms of initial purchase cost. According to a report by the Consumer Reports, the average cost of an electric stove is around $400, while a gas stove typically costs about $500. This difference in price is due to the simpler design and construction of electric stoves compared to gas stoves, which require additional components like burners and gas lines.

However, the long-term operating costs of the two types of stoves can vary significantly. Electric stoves are more energy-efficient than gas stoves, as they convert about 90% of the electricity they use into heat, whereas gas stoves only convert about 55% of the fuel they use into heat. This means that over time, an electric stove can save homeowners money on their energy bills. According to the U.S. Department of Energy, electric stoves can save consumers an average of $40 to $60 per year on energy costs compared to gas stoves.

Additionally, electric stoves have lower maintenance costs. They do not require regular maintenance like gas stoves, which need to be checked for leaks and have their burners cleaned. This can save homeowners time and money in the long run. Furthermore, electric stoves are generally safer than gas stoves, as they do not produce carbon monoxide or other harmful gases, reducing the risk of fire and poisoning.

It is important to note that while electric stoves may be cheaper in terms of initial cost and long-term energy savings, they may not be suitable for all cooking needs. Gas stoves provide a more even heat distribution and are often preferred for high-heat cooking methods like searing or boiling. However, for most everyday cooking tasks, an electric stove is a more cost-effective option.

In conclusion, the electric stove is cheaper than the gas stove in terms of initial purchase cost and long-term operating costs. This is due to their simpler design, higher energy efficiency, lower maintenance costs, and safety features. While gas stoves may be preferred for certain cooking methods, the electric stove is the more cost-effective choice for most homeowners.