CLARKSBURG, W.Va. – 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 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|
West Virginia has been ranked in the 15th spot, placing the state towards the lower end of the smoking cost chart. West Virginia has a total cost per smoker of $1,377,892.
Some key statistics to take away from the study include:
- 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 during 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 have an average of $253,013 in income loss during 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 have an average of $170,991 in smoking-related health-care costs during 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.