The Jeff Ward Show

Blog > The Jeff Ward Show > The cost of raising a child is now $245,000 - and that doesn't include college tuition

The cost of raising a child is now $245,000 - and that doesn't include college tuition

Middle-income Americans are spending about $245,000 raising a child until adulthood, with families living in the Northeast taking on a greater burden, a new study has found.

Those costs — food, housing, childcare and education — rose 1.8 percent over the previous year, according to the latest Agriculture Department's Expenditures on Children and Families report.

As in the past, families in the urban Northeast will spend more than families in the urban South and rural parts of the US, or roughly $282,480.

When adjusting for projected inflation, the report found that a child born last year could cost a middle-income family an average of about $304,480.

Read more:

The Jeff Ward Show

It’s getting harder and harder to shock people, but Republican presidential frontrunner Donald Trump is still...
Curious about presidential hopeful and Ohio Gov. John Kasich's true priorities should he be elected? Reuniting...
Johnny Manziel 's time with the Cleveland Browns will come to an end in March, according to a league source. The...
The nation's leading public health institute has a message for millions of American women: If you want to have sex...
Rand Paul dropped out of the 2016 president race on Wednesday, short on cash and support, two days after finishing...