A new analysis released as part of Tobacco-Free Awareness Week shows that Missouri has one of the lowest smoking costs.
At $1.177 million per over a smoker’s lifetime, Missouri ranked eighth among states with the lowest total smoking costs, according to a study by Wallet Hub, an financial website.
Kansas ranked 19th with a $1.319 million cost. That could change drastically if Gov. Sam Brownback’s proposal to raise tobacoo tax is successful.
The study found the national average cost of smoking would be about $1.4 million per smoker over a lifetime, which includes an average of $1 million for the cost of tobacco.
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The cost of tobacco was determined by what a smoker would have spent over 51 years by buying a pack of cigarettes a day and what the money would have earned if it had been invested in the stock market during that same period.
Other costs of smoking includes health care, lost income, increased homeowner’s insurance premiums and victims of secondhand-smoke exposure.
South Carolina had the lowest cost, at $1.097 million. Alaska had the highest: $2.032 million.
Wallet Hub published “The Financial Cost of Smoking by State” to encourage smokers to kick the habit.
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