What Does It Cost to Raise a Child in America?

Child Care Aware of America, The U.S. and the High Cost of Child Care: A Review of Prices and Proposed Solutions for a Broken System, 2018. Department of Health and Human Services, Child Care and Development Fund (CCDF) Program ; Proposed Rule, 80 fed. reg. 80466-80582 (december 24, 2015).

Average Cost of Raising a Child in America The most recent available information says that the average cost of raising a child from birth to age 17 is $233,610 in a married two-parent middle.

The U.S. Department of Agriculture released its annual "Cost of Raising a Child" report this week, and the total is pretty steep. Economists working at the USDA’s Center for Nutrition Policy and Promotion estimated that families who had a child in 2015 will spend $233,610 (in 2015 dollars) from the child’s birth to age 17.

The decision to have a baby is a big one, and one of the least understood aspects of child-rearing is "how much will it cost?" While some of the underlying costs of raising a child remain constant, a wide range of factors influence what you’ll actually pay for prenatal care, delivery, and raising a child to age one.

Figuring out how much Americans spend on their children – the diapers and baby food, the sports teams and braces, not to mention housing and education – is a daunting task. The U.S. Department.

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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! You might also like: How to financially plan for your child’s future? Let’s break down the costs

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Based on UNICEF statistics, in developing countries the cost is roughly US$900 for raising a child for a year, and US$16,200 for raising a child from birth to age 17. (This calculation is difficult, since families in developing countries often do not operate with currency, but barter or trade to provide for their children.)