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1. • • The average cost to raise a child is $280,000 to $312,000 for a middle-income family, after factoring in inflation. Families with lower incomes can expect to spend around $220,000, while families with higher incomes often spend over $400,000. These totals do not include childbirth expenses or college tuition.
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     How Much Does It Cost to Raise a Child? (2024)

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   Where does it cost to raise a child?

   • The cost to raise a child is highest in Hawaii, Washington, and Massachusetts and lowest in Mississippi, Alabama, and Arkansas. *Average cost per child from birth to age 18, based on a middle-income family with two children.

   How Much Does It Cost to Raise a Child? (2024)

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   How much does child raising cost in 2022?

   • Inflation adjustments boost those costs by 23% in 2022, ranging from $16,007 to $17,141 per child. The USDA publishes a report on child expenditures by family, reporting expenses by age of child, household income, family budgets, and region of the country. Its latest report analyzes data from 2015 and prior. Where do child-raising costs go?

   How much does it cost to raise a child? - USAFacts

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   What is the biggest expense in raising a child?

   • Housing is the biggest expense in raising a child, accounting for about 29% of total child-rearing costs. Families with children pay an average of $81,200 to $90,500 more per child in mortgage or rent and other housing expenses than households without children.

   How Much Does It Cost to Raise a Child? (2024)

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   How much does a child cost per year?

   • The average cost of a child per year ranges from $12,000 to $25,000+, depending on the child's age. Child care costs are typically highest for infants and toddlers, but food, transportation, and most other expenses increase as the child gets older.

   How Much Does It Cost to Raise a Child? (2024)

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3. www.nerdwallet.com › article › finance2024 Cost of Raising Children Report - NerdWallet

   www.nerdwallet.com › article › finance

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   Feb 29, 2024 · And this could be on the low end — the median yearly cost for child care for a single child is $5,357 to $17,171 when adjusted to 2022 dollars, according to the Department of Labor, using...

4. www.washingtonpost.com › business › interactiveHow much does it cost to raise a child? - Washington Post

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   Oct 13, 2022 · Oct. 13, 2022. Raising a child is expensive. From the day your baby is born until the day they turn 18, your family will spend about $310,605 — or about $17,000 a year, according to a new ...

5. trustedcare.com › costs › cost-to-raise-a-childHow Much Does It Cost to Raise a Child? (2024)

   trustedcare.com › costs › cost-to-raise-a-child

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   Apr 8, 2024 · The average cost to raise a child is $280,000 to $312,000 for a middle-income family, after factoring in inflation. Families with lower incomes can expect to spend around $220,000, while families with higher incomes often spend over $400,000. These totals do not include childbirth expenses or college tuition.

6. www.fool.com › the-ascent › researchHere's How Much It Costs to Raise a Child | The Motley Fool

   www.fool.com › the-ascent › research

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   Apr 2, 2024 · Assuming inflation is 4%, the child was born in 2015 and raised until age 17, it would cost $310,605, based on a 2022 Brookings Institution analysis of USDA data. Those inflation estimates are...

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8. usafacts.org › articles › how-much-does-it-cost-toHow much does it cost to raise a child? - USAFacts

   usafacts.org › articles › how-much-does-it-cost-to

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   May 14, 2023 · According to data from the US Department of Agriculture (USDA), a child born in 2015 to a middle-income family costs approximately $12,980 to $13,900 annually [2] (depending on the age of the child). Inflation adjustments boost those costs by 23% in 2022, ranging from $16,007 to $17,141 per child.

9. www.investopedia.com › articles › personal-financeHow Much Does It Cost to Raise a Child in the U.S.?

   www.investopedia.com › articles › personal-finance

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   Dec 14, 2023 · Key Takeaways. Middle-income parents will spend an average of $310,605 for a child born in 2015 until they turn 17 in 2032. The greatest expense associated with raising a child is housing. The...

10. www.healthline.com › health › parentingHow Much Does It Cost to Raise a Baby? And What You Can Do to ...

    www.healthline.com › health › parenting

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    Jul 1, 2021 · The most recent estimate of how much it costs to raise a child from birth through age 17 is a whopping $233,610, according to the United States Department of Agriculture — and that’s not...