The financial cost of smoking in Idaho (1=lowest, 25=medium)
*Cost paid per smoker – $105,821 (rank: 8th)
*Financial opportunity cost per smoker – $1,107,056 (rank: 8th)
*Healthcare cost per smoker – $135,466 (Rank: 9th)
*Income loss per smoker – $481,982 (rank: 15th)
*Other costs per smoker – $10,941 (Rank: 13th)
*Total lifetime cost per smoker: $1,841,266
*Total cost per year per smoker: $38,360
Idaho made another top 10 list.
This one’s far from glamorous, but things could be worse, especially for cigarette smokers in Washington, D.C.
A recent WalletHub study ranks Idaho as the ninth state in terms of money smokers spend and lose over their lifetime.
According to “The True Cost of Smoking by State,” the average Idaho resident who smokes spends $1,841,266 on the habit over their lifetime.
That’s $105,821 in cigarette purchase costs, plus $1.1 million in financial opportunity costs – calculated by the amount of return a person would have earned by investing that money in the stock market instead over the same period – and $135,466 in health care costs per smoker.
In one year, the average smoker in Idaho will spend over $38,300 on the habit.
“I have worked in the tobacco prevention and cessation field for 14 years and have a great deal of empathy for individuals on their journey to quitting tobacco products,” said Linda Harder, Panhandle Health District Tobacco Prevention and Control Coordinator, at The Press. “We have made progress in reducing smoking rates. However, some of this progress has been offset by an increase in vaping, particularly among young people.”
Naturally, smokers in states where cigarettes are cheaper will spend less. According to balancingeverything.com, DC has the highest cigarette tax per state at $4.50 per pack. Idaho costs an average of $5.41 per package in total including tax.
The other states at the top of the list with cheaper cigarettes are Georgia at an average of $5.39 per pack, Mississippi at $5.34 per pack, and Missouri, which has the lowest national average price of $5.25 for a pack of cigarettes.
Alongside DC at the bottom of the list are New York at an average of $12.85 per pack, Massachusetts at $9.95 per pack, and Connecticut at $9.52 per pack.
Money is not the only cost associated with tobacco products. The Centers for Disease Control cites smoking as the leading cause of preventable death.
More than 16 million Americans live with a disease caused by smoking. For every person who dies from smoking, at least 30 people live with a serious smoking-related illness.
In Idaho, a smoker will spend an average of $2,822 on healthcare in a year, according to WalletHub research.
“Panhandle Health District offers several popular smoking cessation programs, including the 3-Call program, a class for teens, and the Diaper Resource program, which is an incentive program to encourage sustained quitting after completing the 3-Call program. “, said Harder.
The 3-Call program offers one-on-one coaching from a Certified Health Educator and free nicotine patches, gum or lozenges and other helpful quit smoking tools.
Visit panhandlehealthdistrict.org/quitting-tobacco or email Harder at [email protected] for help quitting smoking.
Check out the WalletHub study: wallethub.com/edu/the-financial-cost-of-smoking-by-state/9520