The Cost of Raising A Child

It’s Not Cheap, But Totally Worth It

Raising a child isn’t easy—nor is it cheap. The United States Department of Agriculture (USDA) compiles a report each year that looks at just how much it costs to raise a child in America. Short version: It varies from region to region, and amongst single- and dual-parent households, but will cost an average of nearly a quarter of a million dollars by age 18. The following infographic breaks down the numbers, and even takes a look at some previous results.

Want to know how much it will cost you, specifically? The USDA has a calculator you can use to figure out your child rearing costs.


Mark Dye

About the author: Mark Dye

Mark Dye has been writing articles, recording podcasts, and putting together books on personal finance for nearly a decade. His work has been recognized by the American Bankers Association and the Institute for Financial Literacy, and received an 2011 APEX Grand Award for Writing. Follow Mark on Google+.

Contact: Mark Dye


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