The usda estimates it would cost 212 370 to 490 830 to raise a child born in 2011 assuming an annual inflation rate of 2 55 percent. Baby s first two years.
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.
How much money does it take to raise a baby. Baby s first two years. Parents can count on spending close to 50 per week 2 448 per year on diapers formula and baby food alone. 25 360 or 12 680 per year that s how much average middle income parents can expect to spend raising a baby from birth through age 2.
By age two parents are up to more than 12 500 per year. According to infographic world the average cost of raising a child from birth to 17 years old in the us ranges from 12 800 to 14 790 every year. The report breaks up costs into three income ranges with 233 610 being the average for those qualifying families who make between 59 200 107 400.
It was last published in 2017 and found the cost of raising a child born in 2015 was 233 610 assuming the child was born to a middle income married couple. Middle income married couple parents of a child born in 2015 may expect to spend 233 610 284 570 if projected inflation costs are factored in for food shelter and other necessities to raise a child through age 17. Our calculator will help you figure out what you re likely to spend during your baby s first year from burp cloths and bibs to childcare and car seats.
For a one year old child costs range from 96 40 per month to 177 70 with the moderate plan running 146 60 a month. This does not include the cost of a college education. To get things started we ve made some choices for you based on a survey of babycenter parents and our research.
Those in the lower income range making under. How much does it cost to have a baby. The average cost to have a baby in the us without complications during delivery is 10 808 which can increase to 30 000 when factoring in care provided before and after pregnancy.
By the time a child is nine years old that moderate cost plan has risen to. However costs can vary depending on a.