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How much does it cost to raise a teenage girl?
The estimated cost of raising a child from birth through age 17 is $233,610 — or as much as almost $14,000 annually, the Department of Agriculture says. That’s the average for a middle-income couple with two children.
How much does it cost to have a daughter?
According to a 2017 report from the U.S. Department of Agriculture, the average cost of raising a child from birth through age 17 is $233,610.
Is raising a girl more expensive?
According to an infographic from Huffpost Business, girls are more expensive to raise by $80 per month, $960 per year and $17,280 over 18 years. The total monthly cost to raise a girl is $450 compared to $370 to raise a boy.
What is the average yearly cost to raise a teenager?
In its Expenditures on Children by Families report, the USDA puts the cost of raising a child from birth to age 18 at $233,610 for a middle-income family (married with two kids) — around $12,980 per year.
How much does it really cost to raise a child?
In the US, the average cost of raising a child through the age of 17 is $233,610. This figure is based on data compiled in the most recent Expenditures on Children by Families report completed by the United States Department of Agriculture (USDA).
How much will a child cost to raise?
That report hasn’t been undated since 2017, but at that time, it found the cost of raising a child born in 2015 was $233,610. That assumes the child was born to a middle-income, married couple. When adjusted for inflation, the number jumps to $267,233 in 2021 dollars, based on data from the Bureau of Labor Statistics.
How much does it cost to raise a 13 year old?
How much does it cost to raise a child in 2015?
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.
How much does it cost to raise a child alone?
The USDA found that in 2015, single-parent households spent an average of $172,200 – more than $60,000 less than their married peers. When adjusted for inflation, that figure increases to $196,984 as a solo parent’s current cost to raise a child to 18.
Where is the cheapest place to raise a child?
The cheapest location to raise a child in the US would be in rural areas. This is because people in the countryside either have a simpler lifestyle, or they are able to manage their money well since they plant and grow their own daily consumption, like fruits and vegetables.
Which is the largest expense in raising a child?
Expenses vary depending on the age of the child. As families often need more room to accommodate children, housing is the largest expense. We did the analysis by household income level, age of the child, and region of residence.