Smoking Costs Average Minnesota Smoker Over $2 Million Over A Lifetime
Tobacco use has accounted for nearly half a million lives in the U.S each year, according to the American Lung Association.
Not only that, the economic and societal cost totaling more than $300 billion per year over the country. That is why the financial website Wallet Hub dug into the cost per year per smoker.
For the average Minnesota smoker, the cost is $2,848,128 over a lifetime. This is the sixth most in the nation. Wallet Hub ranked the states from the least cost to the most cost per state.
"To encourage the estimated 34.2 million tobacco users in the U.S. to kick this 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."
Wallet Hub looked at many different costs, including where Minnesota ranks in the 50 states and D.C. Being ranked 1st would be the lowest cost while 51 would be the biggest cost.
Out-of-Pocket Cost per Smoker – $164,863 (Rank: 45th)
Financial-Opportunity Cost per Smoker – $1,838,015 (Rank: 45th)
Health-Care Cost per Smoker – $187,110 (Rank: 40th)
Income Loss per Smoker – $644,484 (Rank: 38th)
Other Costs per Smoker – $13,655 (Rank: 36th)
Total Cost Over Lifetime per Smoker: $2,848,1278
Total Cost per Year per Smoker: $59,336
Mississippi ranked the lowest at $1,696,496 while Massachusetts had the highest cost at $3,171,757. Minnesota's neighboring states Wisconsin was ranked 36th at $2,382,916, and Iowa was ranked 19th at $2,044,362. You can check out the full list here.
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