The type of printer that is best for you depends greatly on how you plan to use it. Do you print documents in mass quantities? More than 3 pages a day, or more than 20 pages a week? If so, you it would be worth switching to a laser printer.
Laser printers also produce high quality text documents, although if you are printing primarily color photos you may want to stick with a good inkjet printer.
Laser printers have a higher cost initially, and use toner cartridges that are priced higher than most inkjet, however you will notice the toner cartridges have a much higher yield, which will save you time and money in the long run.
In the Recycler’s article Cost effectiveness of laser versus inkjet discussed David Connett had a good point about duplexing as well, “Some laser printers automatically print on both sides”, which is another time and money saver that you will find in laser printers over inkjet.
Laser toner cartridges can cost around $91, on average, however the laser toner cartridge is able to print 1,500 to 3,500 pages, whereas a standard inkjet cartridge may only costs $23, but only produces approximately 200 pages. Per print you are looking at a significant savings long term with a laser printer.
Should you buy a Laser Printer? If you are printing documents in high quantity, the answer is a resounding yes.