According to the US Department of Agriculture estimates, an average baby would cost up to $252,882.90 to raise until your baby reaches 18 years. That’s before the baby goes off to college. Since 1960, the U.S. Department of Agriculture (USDA) has provided estimates of annual expenditures on children from birth through age 17.
Below is a summary of the cost of raising a child you should expect according to the US Department of Agriculture:
- For a standard household with two kids, the cost of raising a baby annually $10,099.70 to $10,803.35 when adjusted for inflation. These base figures are from 2015 and adjusted for inflation to get the equivalent in 2019
- This translates to about $ 841.60 to $ 900.30 per month to raise a baby.
- By the time the baby is celebrating the 18th birthday, you’d have spent at least $252,882.92