Here's How Much It Really Costs To Smoke In Colorado

Denver CO

16 January, 2020

4:14 PM

Description

Smoking is an expensive habit in every state and Colorado is no exception. Whether it's the simple out-of-pocket cost of routinely buying a pack of cigarettes — or potential health-care or loss of income related costs — the real price of smoking approaches $50,000 annually in the most expensive states. The personal finance website WalletHub recently released its analysis on the "Real Cost of Smoking by State." Colorado ranked as the 19th most expensive on the overall list. Total Cost per Smoker: $1,448,009 Out-of-Pocket Cost: $101,452 Financial Opportunity Cost: $889,407 Health-Care Cost per Smoker: $148,410 Income Loss per Smoker: $293,568 Other Costs per Smoker: $15,172"Smoking doesn't just ruin your health. It can also burn a nasty hole through your wallet," analysts wrote in the study released this week. The overall annual price tag on smoking in the United States? Every year, smoking costs America more than $300 billion, according to the Centers for Disease Control and Prevention. New York ranked as the most expensive state in the nation for smokers, according to WalletHub. Connecticut and Washington D.C., are the next on the list. On the other end of the financial spectrum, North Carolina ranked as the cheapest state for smokers in the United States. The bottom five least expensive were rounded out by Georgia, Missouri, Mississippi and South Carolina. Here are the 10 most expensive states annually for smokers: New York Connecticut District of Columbia Massachusetts Rhode Island Alaska Hawaii Minnesota Vermont Washington The full report on the real cost of smoking is available at WalletHub.