How Much Will That Baby Cost?

Between $12,350 and $13,900 per year, in the USA, on average, according to the government’s data. Here’s more from the 2017 report, “Expenditures On Children By Families”:

  • The estimated expense to raise a child from birth through age 17 is $233,610 (in 2015 dollars) for a middle-income (before-tax income between $59,200 and $107,400), married-couple family with two children.
  • Expenditures on a child in married-couple families were generally lower in the younger age categories and higher in the older age categories, as shown in figure 3 for families in the middle-income group. This relationship was consistent across income groups.
  • Expenditures by married-couple households with only one child averaged 27 percent more than expenditures per child in a two-child, married-couple family. Expenditures by married-couple households with three or more children averaged 24 percent less per child than expenditures on each child in a two-child, married-couple family.
  • Overall, married-couple families in the urban Northeast had the highest child-rearing expenses, followed by similar families in the urban West and urban South. Married-couple families in the urban Midwest and rural areas had the lowest child-rearing expenses.

Leave a Reply

Your email address will not be published. Required fields are marked *