Raising A Child Is An Extremely Expensive Undertaking
Housing takes the biggest slice of the parental pie at $66,240. Over the first 18 years of their child's life, parents can expect to pay $41,400 for food, $38,040 for child care and education as well as $35,490 for transportation. The bill for clothing over 18 years comes to $13,260. Costs are highest in America's Northeast while rural regions have substantially lower costs for raising kids.
This chart shows estimated expenses raising a child from birth to age 18 in the U.S. (2015).