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Georgia > Average Financial Cost Of Smoking In Georgia

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Allison Ericson,Valdosta Today News Director:

GEORGIA — In a recent study by WalletHub.com the average tobacco and cigarette smoker in Georgia spends a total of $1,153,516 in a lifetime. This sum includes the cost of tobacco, health care, income loss, and other costs.

Georgia has the 5th cheapest financial cost of smoking in the U.S., but buying one pack of cigarettes a day can add up to approximately $831,113. In addition to that, Georgia smokers can spend approximately $116,403 in health care costs throughout their lifetime.

The average amount of income loss a smoker could lose in their lifetime is $195,403. Additional costs like an increase in homeowner’s insurance premium and second hand smoke exposure costs can add up to $10,597.

WalletHub researchers said, “For our calculations, we assumed an adult who smokes one pack of cigarettes per day beginning at age 18, when a person can legally purchase tobacco products in the U.S. We also assumed a lifespan thereafter of 51 years, taking into account that 69 is the average age at which a smoker dies.”

Smoking-related issues can cost more than $301 billion a year in U.S. economic and societal costs. This is a total of $116.4 billion in direct health care costs, $67.5 billion in workplace productivity losses, and $117.1 billion in smoking related deaths. 

WalletHub researchers said, “In light of Tobacco-Free Awareness Week and to encourage the more than 60 million tobacco users in the U.S. to kick the dangerous habit, WalletHub gauged the financial cost of smoking in each of the 50 states and the District of Columbia.”

 

To read WalletHub’s article:http://wallethub.com/edu/the-financial-cost-of-smoking-by-state/9520/