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 do 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:
- Massachusetts smokers shell out the most, with the total lifetime cost around $3,171,757 or $66,076 per year.
- Massachusetts also has some of the highest out-of-pocket costs, income loss costs and more.
- On the flipside Mississippi smokers spend theleastwith their total lifetime cost around $1,696,496, or $35,344 per year.
- Mississippi’s biggest expense is in financial opportunity (money they would have made if they invested rather than spending it on smoking), which comes to $1,068,432 per lifetime.
The States With The Highest Cost Of Smoking (per lifetime)
(click here to find out how much smoking costs in your state)
- Massachusetts ($3,171,757)
- District of Columbia ($3,163,975)
- New York $3,114,670)
- Connecticut $3,103,591)
- Rhode Island ($3,054,696)
- Hawaii ($2,934,683)
- Minnesota ($2,848,128)
- Alaska ($2,814,941)
- Washington ($2,694,071)
- California ($2,685,504)
Source:WalletHub