We all know that smoking is bad for our health, but it’s also really bad for our wallets. So, just how big a hit do cancer sticks to our wallet?
- Well, a new report by WalletHub has determined the cost of smoking per state.
- They looked at not only the annual cost of a pack a day habit, but healthcare costs, income losses and other costs brought on by smoking and exposure to second-hand smoke.
According to the report:
- New York smokers spend the most with their total lifetime cost around $2,458,044 or $48,197 year.
- The biggest expense for New York smokers is from income loss, about $276,804 per lifetime or $5,428 per year.
- North Carolina smokers shell out the least at $1,228,493 for their lifetime, or $24,088 per year.
- North Carolina’s biggest expense is in financial opportunity (money they would have made if they invested rather than spending it on smoking), which comes to $773,539 per lifetime.
The States With The Highest Cost Of Smoking (per lifetime)
- New York ($2,458,044)
- Connecticut ($2,447,965)
- District of Columbia ($2,427,997)
- Massachusetts ($2,376,219)
- Rhode Island ($2,287,659)
- Alaska ($2,142,540
- Hawaii $2,125,541
- Minnesota $2,117,058
- Vermont $2,080,662
- Washington $2,019,152