I read an article in either Popular Photography or Shutterbug magazine last year about buying photo printers. I can't find a link to it online so I will sum it up. The guy writting the article had some good point on not buying a photo printer. His reasoning was, as follows
You buy a photo quality printer for $200, 50 sheets of paper for $20, then replacement inks for another $50-$100 depending on the printer and how many cartridges. For the price of all this you could get CVS or Walmart to print a lot of 8 X 10's at $1.96 per print. Then about the time you think you could break even on your printer you have to buy more paper or more ink again.
His point was if you live with in about 15-20 minutes of a CVS or some place that that does photo printing you get ahead on just using them.
Something else to think about it, is how to make sure your photos come off the printer as they look on the screen. There are several item out to calibrate your monitor and your printer to get the true colors displayed and printer, but this is at another hundred or so dollars. Calibration assures that you don't get a print out that has a red, blue, or green tint to your picture, or a dark print.
For myself it makes sense. I usually keep a folder of photos ready for printing, and wait for Adorama.com to run their 8X10's for a $1 each and order online. Plus I have got 16X20 prints from them on sale for $4.95.
Just another option to concider.
J