Resource | Report
2013 Expenditures on Children By Families
The annual report, Expenditures on Children and Families, also known as the Cost of Raising a Child, shows that a middle-income family with a child born in 2013 can expect to spend about $245,340 ($304,480 adjusted for projected inflation) for food, housing, childcare and education, and other child-rearing expenses up to age 18. Costs associated with pregnancy or expenses occurred after age 18, such as higher education, are not included.
08/20/2014