WASHINGTON, D.C. (WTVQ) – With the societal and economic costs of smoking totaling more than $300 billion a year and rising, the personal-finance website WalletHub released its report on The Real Cost of Smoking by State on Tuesday.
WalletHub analysts 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.
The Financial Cost of Smoking in Kentucky (1=Lowest, 25=Avg.):
- Out-of-Pocket Cost per Smoker – $88,794 (Rank: 4th)
- Financial-Opportunity Cost per Smoker – $747,960 (Rank: 4th)
- Health-Care Cost per Smoker – $112,220 (Rank: 2nd)
- Income Loss per Smoker – $178,459 (Rank: 5th)
- Other Costs per Smoker – $9,090 (Rank: 3rd)
- Total Cost Over a Lifetime per Smoker: $1,136,524
- Total Cost per Year per Smoker: $22,285
For the full report, please visit: