Study: Smoking Costs the Average SC Smoker $1 million+ Over a Lifetime

Personal finance website WalletHub last week released its report on The Real Cost of Smoking by State and they estimated that South Carolina smokers spend over $1,249,887 over their lifetime.

To encourage the estimated 34.2 million tobacco users in the U.S. to kick the 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.

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

  • Out-of-Pocket Cost per Smoker – $91,400 (Rank: 5th)
  • Financial-Opportunity Cost per Smoker – $801,282 (Rank: 5th)
  • Health-Care Cost per Smoker – $131,271 (Rank: 8th)
  • Income Loss per Smoker – $213,408 (Rank: 9th)
  • Other Costs per Smoker – $12,526 (Rank: 29th)
  • Total Cost Over Lifetime per Smoker: $1,249,887
  • Total Cost per Year per Smoker: $24,508

To see the full report, click here.
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