annual cost to raise a child
The average cost of raising a child born in 2013 up until age 18 for a middle-income family in the U.S. is approximately $245,340 (or $304,480, adjusted for projected inflation), according to the latest annual Cost of Raising A Child report from the U.S. Department of Agriculture.ack then, a middle-income family could have expected to spend $25,230 ($198,560 in 2013 dollars) to raise a child until the age of 18, according to the new report, which also notes that [h]ealth care expenses for a child have doubled as a percentage of total child-rearing costs during that time.. To raise a child born in 2013 to the age of 18, it will cost a middle-income couple just over $245,000, according to newly released estimates from the U.S. Department of Agriculture. That's up $4,260, or almost 2%, from the year before.Estimates can vary widely depending on where you live and how much you earn.o raise a child born in 2013 to the age of 18, it will cost a middle-income couple just over $245,000, according to newly released estimates from the U.S. Department of Agriculture. That's up $4,260, or almost 2%, from the year before. Estimates can vary widely depending on where you live and how much you earn. That equates to roughly $12,800 - $14,970 per child per year for a two-parent family with a median annual income between $61,530 and $106,540. The annual cost can vary based on factors like the child's age, the number of children in the family and the family's income and location.ack then, a middle-income family could have expected to spend $25,230 ($198,560 in 2013 dollars) to raise a child until the age of 18, according to the new report, which also notes that [h]ealth care expenses for a child have doubled as a percentage of total child-rearing costs during that time.. Average Annual Cost Per Kid. The latest figures from the U.S. Department of Agriculture [PDF] put the annual cost of raising a child from $12,290 to $14,320 in a two-child, married couple, middle-income family.Child-rearing costs through age 17 vary by family income level.The total costs range from $212,370 to $490,830, with the average middle-income family spending $295,560 to raise a child through age 17. These expenses don't include college.he latest figures from the U.S. Department of Agriculture [PDF] put the annual cost of raising a child from $12,290 to $14,320 in a two-child, married couple, middle-income family. From day care to the monthly grocery bill, the cost of raising a child is climbing at a rate that many families can't keep up with. It will cost an estimated $241,080 for a middle-income couple to raise a child born last year for 18 years, according to a U.S. Department of Agriculture report released Wednesday.That's up almost 3% from 2011 and doesn't even include the cost of college.At the same time, wages aren't keeping up.t will cost an estimated $241,080 for a middle-income couple to raise a child born last year for 18 years, according to a U.S. Department of Agriculture report released Wednesday. US. An average middle-income family in the United States can expect to spend about $245,000 over 18 years to raise a child born in 2013, the U.S. government estimated on Monday. The Department of Agriculture's annual Cost of Raising a Child report showed child-rearing costs -...raising, child, cost, 245000.ealthier families can expect to spend almost $408,000 raising a child from birth to age 18, according to USDA. Child-raising costs have risen faster than inflation since the report was first compiled in 1960, when a middle-income family could have expected to spend $25,230 to raise a child. Back then, a middle-income family could have expected to spend $25,230 ($198,560 in 2013 dollars) to raise a child until the age of 18, according to the new report, which also notes that [h]ealth care expenses for a child have doubled as a percentage of total child-rearing costs during that time..ack then, a middle-income family could have expected to spend $25,230 ($198,560 in 2013 dollars) to raise a child until the age of 18, according to the new report, which also notes that [h]ealth care expenses for a child have doubled as a percentage of total child-rearing costs during that time.. For the year 2013, annual child-rearing expenses per child for a middle-income, two-parent family ranged from $12,800 to $14,970, depending on the age of the child.The report, developed by the USDA Center for Nutrition Policy and Promotion (CNPP), notes that family income affects child-rearing costs.he average cost of housing for a child up to age 18 is $87,840 for a middle-income family in the urban West, compared to $66,240 in the urban South, and $70,200 in the urban Midwest. The U.S. Department of Agriculture’s (USDA) annual report on the Expenditures on Children by Families has found that a middle-income family with a child born in 2012 can expect to spend about $241,080 for food, shelter, and other necessities associated with child rearing expenses over the next 17 years.he U.S. Department of Agriculture’s (USDA) annual report on the Expenditures on Children by Families has found that a middle-income family with a child born in 2012 can expect to spend about $241,080 for food, shelter, and other necessities associated with child rearing expenses over the next 17 years. $94,100 {5228 avg x 18yrs} is the total basic cost of raising a child from birth in 2013 to age 18. The tax exemption per child is $3900 in 2013 which is also based on the basic cost of raising a child.Plus there is a child tax credit up to $1000 for each child.he tax exemption per child is $3900 in 2013 which is also based on the basic cost of raising a child. Plus there is a child tax credit up to $1000 for each child.
$12,800 - $14,970