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Tuesday, January 20, 2015
Smoking is a Million Dollar Habit--and Hawaii is More Expensive than Most
By Selected News Articles @ 1:54 PM :: 4056 Views :: Hawaii Statistics, Health Care, Cost of Living

The Financial Cost of Smoking by State – WalletHub Study

From Wallet Hub January 20, 2015

With this week being Tobacco-Free Awareness Week, the societal and economic costs of smoking totaling more than $301 billion a year and rising, the leading personal finance social network WalletHub conducted an in-depth analysis of The Financial Cost of Smoking by State.

To encourage the more than 60 million tobacco smokers in the U.S. to kick the dangerous habit, WalletHub’s analysis estimated the financial cost of smoking to be roughly $1.4 million per smoker over a lifetime.

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

Key Stats

  • The cost of tobacco for every smoker is $1,029,646 over a lifetime. Smokers in Alaska will pay two times more than smokers in South Carolina.
  • Each smoker will incur an average of $212,878 in income loss over a lifetime.
  • Each smoker will incur an average of $157,294 in smoking-related health care costs over a lifetime. Smokers in Connecticut will pay two times more than smokers in Arkansas.

To read the full report and to see where your state ranks, please visit: 
http://wallethub.com/edu/the-financial-cost-of-smoking-by-state/9520/
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