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It Now Costs $245,000 to Raise a Child . . . Not Including College


According to the newest report from the U.S. Department of Agriculture, it now costs an average of $245,000 to raise a child.  
 
And that's NOT including college.  If we DID include college, it would probably cost $47 billion to raise a kid.
 
The cost varies a LOT depending on where you live.  If you're in a city in the northeast, it could cost closer to $455,000 . . . if you're in a rural area in the south, it costs around $145,500.
 
That number includes housing, food, transportation, clothing, health care, education, childcare, and other random things like haircuts and presents.
 
The cost of raising a child is up 2% from last year, but that's actually not bad . . . overall costs have been growing slower over the past few years because inflation is low.  (CNN Money)
 
(You can see a custom estimate for how much a child will cost you based on where you live and how much money you make here.  And a condom costs like 75 cents.  Just remember that.)
 

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