Financial Cost of Smoking: Here's the Real Cost of Smoking By State by 30Seconds Health

Money
7 months ago
Financial Cost of Smoking: Here's the Real Cost of Smoking By State

With the economic and societal costs of smoking totaling more than $300 billion a year and rising, the personal-finance website WalletHub released its report on The Real Cost of Smoking by State. To encourage the estimated 36.5 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. Here is the financial cost of smoking in Illinois ((1=Lowest, 25=Average):

  • Out-of-Pocket Cost per Smoker – $141,660 (Rank: 39th)
  • Financial-Opportunity Cost per Smoker – $1,190,008 (Rank: 39th)
  • Health-Care Cost per Smoker – $179,902 (Rank: 35th)
  • Income Loss per Smoker – $241,520 (Rank: 35th)
  • Other Costs per Smoker – $12,078 (Rank: 31st)
  • Total Cost Over Lifetime per Smoker: $1,765,168
  • Total Cost per Year per Smoker: $34,611

Smoking costs the average Illinois smoker $1,765,168 over a lifetime! In New York it's $2,330,381 (Rank: 51st), Texas $1,470,116 (Rank: 26th) and Kentucky $1,145,128 (Rank: 1st). 

Read the full report via WalletHub.com.

Run Your Way to Health: 4 Ways Running Can Help You Keep Your Healthy Resolutions

Don't Let a Healthy Lifestyle Stress You Out! 3 Tips to Keep It Simple!

Even Good Parents Have Bad Habits: Here Are 3 You May Want to Break!

Elisa All Schmitz 30Seconds
This is fascinating. So expensive to smoke, wow!

join discussion

Please login to comment.

recommended tips

Reducing Debt: How to Cut Down on What You Owe & Create Financial Freedom!

Buying a New Car: 4 Things Car Buyers Need to Know Before Heading to the Dealership

Savings Hacks: 4 Under-the-Radar Ideas to Fatten Up Your Piggy Bank!

Financial Intimacy: 6 Ways to Keep Money From Wrecking Relationships

Got 30 seconds? Sign up for 30Seconds.com and get the best of our tips each week!