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I have a woodstove, and I have access to most of my wood for free (well, it doesn't cost me any money, but I have to cut it and haul it). My little woodstove can heat up the whole house (three stories), so when I have it cranked up, I don't have any electric heat on in the house. Obviously, for me, burning wood is the much cheaper (basically, free) option.
For you, I think it would depend very much on how efficient your fireplace is. Some of them are more for show than productivity.
For you, I think it would depend very much on how efficient your fireplace is. Some of them are more for show than productivity.