The Costs of Raising a Child in 2025
The average cost to raise a child to age 18 is estimated to be between $297,000 and $331,933, depending on income and geography, not including college.
According to Stacker, this breaks down to $16,000-$30,000 per year, with costs rising sharply in high-cost states, as reported by Domain Money.
Raising a child is a significant investment, with data from 2017 estimating an average cost of $233,610, focusing on necessities like housing, food, childcare, and education.
However, this figure does not account for the cost of a college education or the increased cost of living experienced by families over the last eight years, with more recent estimates totaling $389,000 over 18 years.
Can we actually afford this?
Author's summary: Raising a child costs between $297,000 and $331,933.
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