It Now Costs $233,000 to Raise a Child . . . and That's Not Even Including College


Baby Crying

According to the latest stats from the Department of Agriculture, it now costs $233,610 to raise a child from the day they're born until they turn 18.  And that doesn't even include college.

 

That's roughly $13,000 a year for their entire childhood.

 

The biggest chunk of that goes to housing, since you need an extra bedroom now that you have a kid.  The other main expenses are food, childcare, transportation, health care, and clothing.

 

On the bright side . . . sort of . . . the costs of raising kids aren't going up as quickly as they used to.  The costs have gone up an average of 4.3% per year since 1960 . . . but this year, they're only up 3%.


(CNN/Money)

(Photo Getty)


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