Money Up in Smoke

How much does smoking cost in California? (2026)

$11.78
average pack in California (Jan 2026), #15 most expensive of 51. State excise $2.87 + federal $1.01.
$4,300a year for a pack a day
7.7%average yearly price rise, 2016–2026
$62,323roughly, the next 10 years at that pace

A pack a day since…

StartedSpent (real California prices)Same money in the S&P 500
2016$32,521$67,407
2006$50,876$187,018
1996$63,029$306,075

Monthly, through December 2025. S&P 500 total returns with dividends (A. Damodaran, NYU Stern). Historical illustration, not a prediction.

50+ years of pack prices in California

$0$3$6$10$131970199020102026
1970$0.40
1980$0.66
1990$1.87
2000$3.65
2010$5.37
2020$8.31
2026$11.78

Sources: CDC, The Tax Burden on Tobacco (1970–2019); Campaign for Tobacco-Free Kids (2020–2026).

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All 50 states and DC · Made by a smoker, for smokers.