What is the average cost of a child per year?

The average cost of raising a child born in 2013 up until age 18 for a middle-income family in the U.S. is approximately $245,340 (or $304,480, adjusted for projected inflation), according to the latest annual “Cost of Raising A Child” report from the U.S. Department of Agriculture.

What is the yearly cost of a child?

That equates to roughly $12,800 – $14,970 per child per year for a two-parent family with a median annual income between $61,530 and $106,540. The annual cost can vary based on factors like the child’s age, the number of children in the family and the family’s income and location.

How much money do kids cost per year?

Just consider: According to a 2010 USDA report, the average middle-income family will spend roughly $12,000 on child-related expenses in their baby’s first year of life. By age two, parents are up to more than $12,500 per year.

How much does it cost to raise a child per month?

For a rough estimate of how much it costs to raise a child to adulthood, we have a new study from BMO Harris. The bank found that each child cost (on average) $795 per month, although some surveyed said that the number was closer to more than $2,000 a month.

How much did it cost to raise a child in the 1980’s?

A Department of Agriculture report says it would cost about $12,000 more to raise a child born in 1982 to the age of 18 than it would to raise one to that age who was born in 1980. The 1982 baby, the report says, would cost a family $80,926, the 1980 child $69,232.

What does it cost to raise a child per year?

The cost of raising a child has increased in the last year, according to a report from the Department of Agriculture. For a middle-income family to raise a child born in 2015 through the age of 17, the cost of rearing a child has hit $233,610, according to the report.

How much does it cost to raise a child in India?

According to a study done by ET Wealth in 2011, it will cost approximately Rs 54.75 lakh to raise a child from birth until they are 21 years old in India. Compare that to the US Department of Agriculture’s estimate of how much a middle class family will spend to raise a child in America and that number is $243,273!

How much does a kid cost a month?

Just consider: According to a 2010 USDA report, the average middle-income family will spend roughly $12,000 on child-related expenses in their baby’s first year of life. By age two, parents are up to more than $12,500 per year.

How much does it cost to buy a kitten?

How Much Does Buying a Cat Cost? Typical costs: Adopting a kitten or adult cat from a shelter usually costs between $50 and $100. Purchasing a pet quality purebred kitten from a breeder usually costs between $300 and $1,200 depending on the breed and color.

How much do children cost?

A middle-income, married couple with two children is estimated to spend $233,610 to raise a child born in 2015, according to a report released by the Department of Agriculture Monday. And that number only covers costs from birth through age 17 — so it doesn’t include college expenses.

How much do diapers cost for a year?

Diapers: Diapers too vary in cost. The average child will use more than 2,700 diapers in the first year alone, which can add up to more than $550 (based on an average price of $0.20 per disposable diaper).

How much does it cost to raise a child to 18?

During the past 35 years, the real-dollar cost of college has increased by 1,000%. That’s not a misprint. And the grand summation: When you add it all up, it’s not uncommon for a single child to cost a normal, middle-class family something like $1.1 million, from birth through the undergrad years.

How much does it cost to bring up a child?

Overall the basic cost of raising a child in the UK from birth to the age of 21 has increased to by 63 per cent since 2003, when the survey was first carried out, to £229,251 at present. It has risen by just under £2,000 in the last year alone, almost twice the current rate of inflation.

How much does it cost to have a child in the hospital?

On average, U.S. hospital deliveries cost $3,500 per stay, according to the Agency for Healthcare Research and Quality Healthcare Cost and Utilization Project. Add in prenatal, delivery-related and post-partum healthcare, and you’re looking at an $8,802 tab, according to a Thomson Healthcare study for March of Dimes.

How much does it cost to have a child?

For a middle income family (before tax $61,530 to $106,540), a child adds an average $14,970 in annual expenses to the bottom line. And to raise that kiddo born in 2013 to age 18 will cost on average $245,340 in total—up 1.8% from last year.

How much does it cost to raise a child in 2016?

According to a recent report from the USDA, “Expenditures on Children by Families,” the average cost of raising a child today is over $245,000 — and that number doesn’t include college tuition or inflation. Costs incurred after age 18 aren’t tallied, including higher education.