It Costs Nearly $40,000 Per Year to Smoke in Washington

With the economic and societal costs of smoking in the US totaling more than $300 billion a year and rising, the personal-finance website WalletHub today released their report on "The Real Cost of Smoking by State".

There are approximately 34 million tobacco users in the United States. The folks at WalletHub calculated the potential monetary losses — including the lifetime and annual costs of a cigarette pack per day, health care expenses, income losses and other costs — brought on by smoking and exposure to secondhand smoke. Here is what they found about smokers in the state of Washington:

The Financial Cost of Smoking in Washington (1=Lowest, 25=Avg.):

• Out-of-Pocket Cost per Smoker – $153,946 (Rank: 41^st)
• Financial-Opportunity Cost per Smoker – $1,349,613 (Rank: 41^st)
• Health-Care Cost per Smoker – $200,078 (Rank: 40^th)
• Income Loss per Smoker – $302,218 (Rank: 42^nd)
• Other Costs per Smoker – $13,297 (Rank: 34^th)
• Total Cost Over Lifetime per Smoker: $2,019,152
• Total Cost per Year per Smoker: $39,591

You can see the full report at: https://wallethub.com/edu/the-financial-cost-of-smoking-by-state/9520/