Study: Long-term smokers in Kentucky will spend nearly $2M over their lifetime

Smoking File
Smoking File
Published: Jan. 13, 2021 at 10:54 AM EST
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LOUISVILLE, Ky. (WAVE) - During a time when millions of people are trying to survive a global pandemic and make ends meet, Kentuckians are spending astronomical amounts of money on smoking.

Smokers have a higher risk of developing severe symptoms from COVID-19, but that’s not stopping people from lighting up.

Since 1964, more than 20 million people have died from smoking-related illnesses, 2.5 million of those were nonsmokers who died from diseases associated with secondhand smoke.

Not only is smoking a deadly habit, it’s an expensive one.

The personal-finance website WalletHub released a new report that ranked The Real Cost of Smoking by State, which included how much money a person spends on smoking per year, during their lifetime and total healthcare costs.

In Kentucky, smokers will spend $36,740 a year, on average, to get their fix.

Long-term smokers in Kentucky will spend nearly $2,000,000 over their lifetime.

WalletHub released the following numbers:

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

  • Out-of-Pocket Cost per Smoker – $98,112 (Rank: 11th)
  • Financial-Opportunity Cost per Smoker – $1,093,824 (Rank: 11th)
  • Health-Care Cost per Smoker – $110,280 (Rank: 1st)
  • Income Loss per Smoker – $451,829 (Rank: 7th)
  • Other Costs per Smoker – $9,459 (Rank: 3rd)
  • Total Cost Over Lifetime per Smoker: $1,763,504
  • Total Cost per Year per Smoker: $36,740

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