The Average Cost of Raising a Child

The extra $500 parents got per kid from the stimulus bill is about to feel like chump change.

A new study found that raising a child now costs an average of $252,000 in the U.S. That works out to $14,000 a year for 18 years. Here's how it breaks down:

1. Housing costs the most. An average of $3,971 extra each year.

2. Food, $2,482 a year.

3. Child care and education, $2,280. That includes day care, babysitters, and school expenses. But not college, or private school.

4. Transportation, $2,127.

5. Healthcare, $1,302.

6. Clothing, $795 a year.

7. Miscellaneous expenses, $1,047. That's everything from toys to haircuts.

All those stats are based on people with two $14,000 per kid, or $28,000 a year. If you only have one, it costs about $17,800 a year. And if you have three, it costs less ...about $10,600 per child. 

Read more --> ValuePenguin

Photo Credit: Getty Images

Mix 100.5 · More Music, More Variety

Listen Now on iHeartRadio

outbrain pixel