Environmental concern has been an important topic for more than 40 years and has recently become even more critical with today’s concerns about creating a sustainable and healthy environment. This research examines factors affecting an individual’s willingness to pay more for an environmentally friendly product. Our results show that willingness to pay more differs across demographic groups. We also find that individuals who rate concern for waste as highly important are willing to spend more money on an eco-friendly product. Consequently, our findings provide insight into the development of appropriate educational strategies for different consumer groups to encourage consumers to purchase eco-friendly products, with a goal of creating a healthier environment for current and future generations.