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Wallethub reports the real cost of smoking by state

UNDATED – With the economic and societal costs of smoking totaling more than $300 billion a year and rising, the personal-finance website WalletHub today released its report on The Real Cost of Smoking by State as well as accompanying videos.

To encourage the estimated 34.2 million tobacco users in the U.S. to kick the dangerous habit, WalletHub calculated the potential monetary losses — including the lifetime and annual costs of a cigarette pack per day, health care expenditures, income losses and other costs — brought on by smoking and exposure to secondhand smoke.
 

States with the Lowest Smoking Costs   States with the Highest Smoking Costs
1. North Carolina   42. Washington
2. Georgia   43. Vermont
3. Missouri   44. Minnesota
4. Mississippi   45. Hawaii
5. South Carolina   46. Alaska
6. Tennessee   47. Rhode Island
7. Alabama   48. Massachusetts
8. North Dakota   49. District of Columbia
9. Wyoming   50. Connecticut
10. Idaho   51. New York

Key Stats

  • The estimated financial cost of smoking over a lifetime is just above $1.6 million per smoker.
     
  • The out-of-pocket cost per smoker is $124,023 over a lifetime. Smokers in New York will pay the highest cost, $194,899, which is 2.3 times higher than in Missouri, where smokers will pay the lowest cost at $86,001.
     
  • Each smoker will incur an average of $253,013 in income loss over a lifetime. Smokers in the District of Columbia will lose the highest amount, $347,628, which is 1.9 times higher than in West Virginia, where smokers will lose the lowest amount at $179,916.
     
  • Each smoker will incur an average of $170,991 in smoking-related health-care costs over a lifetime. Smokers in Connecticut will pay the highest amount, $290,896, which is 2.6 times higher than in Arkansas, where smokers will pay the lowest amount at $113,392.

To view the full report and your state or the District’s rank, please visit: 
https://wallethub.com/edu/the-financial-cost-of-smoking-by-state/9520/

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