The math
- Cooler cost per year = trips × days × bags per day × price per bag, plus trips × food lost per trip.
- Extra up-front cost = fridge price + any battery or solar − the cooler you'd otherwise buy.
- Payback = extra up-front cost ÷ cooler cost per year (shown in years and trips).
We leave out the electricity a fridge uses, because a typical 12V fridge needs well under half a kilowatt-hour a day and is usually charged from the car or solar. "Food lost" covers soggy, melted or warm food you throw away and the drink space ice takes up; put 0 if you never lose anything. For the non-money reasons (no melt water, real freezing, no ice runs), read 12V fridge vs cooler.
A worked example
Take the defaults: 8 trips a year of 3 days each, 1 bag of ice a day at $4, and $10 of food lost per trip. Ice costs 8 × 3 × 1 × $4 = $96 and lost food 8 × $10 = $80, so a cooler costs about $176 a year to run.
A $500 fridge instead of a $60 cooler is $440 more up front. $440 ÷ $176 ≈ 2.5 years, or about 20 trips. If you also buy a $300 battery to run it overnight, payback stretches to about 4.2 years. Someone taking 20 trips a year pays back in about a year; someone who camps twice a year may never break even on money alone. These are illustrative numbers — use your own receipts.