Contact Us
Make My Homepage

USDA Says Kids Cost $245k To Raise

money
Mark Wilson\Getty Images

A new report from the United States Department of Agriculture says American parents should expect to spend on average a little over $245,340 (or $304,480 adjusted for projected inflation), to raise a child born in 2013.

That figure includes food, housing, childcare, education expenses and other costs of raising the child up to age 18. The total cost did vary with family income. Families earning under $61,530 per year are expected to spend $176,550 to raise a child, while families earning between $61,530 and $106,540 would spend $245,340. Families making over $106,540 can expect to spend $407,820.

The study found that housing costs are usually the biggest single expense in raising children, followed by education costs and food.

More News from KGAB

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://kgab.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on KGAB 650AM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on KGAB 650AM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!