Cost of Raising a Child to Adulthood

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Financial Stataistics on Raising Children Data
Cost of raising kids to adulthood nationwide $245,340
Cost in rural areas $193,590
Average cost to raise a child born today $169,080
Average cost by year Cost Per Year
0-2 Years old cost per year $12,940
6-8 Years old cost per year $12,800
15-17 Years old cost per year $14,970
Breakdown by Category  
Housing 30 %
Child Care / Education 18 %
Food 16 %
Transportation 14 %
Health Care 8 %
Clothing 6 %
Misc 8 %
Most Expensive Cities to Have Kids Living Expenses Index
Cities must have a population of 20,000+ to be ranked
New York City 123.4
Honolulu 109.2
San Francisco 107.08
Least Expensive Cities to Have Kids  
Norman, Oklahoma 84.92
Harlingen, Texas 72.05
Ashland, Ohio 68.23
PREV DATA SET
Statistic Sources & References
Sources: USDA, United States Census Bureau
Content Author: Statistic Brain

Date research was conducted: August 4, 2016

Cost of Raising a Child to Adulthood

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