How much does it cost to raise a child?

Having a Baby: $3,000 or More

Onetime Baby Supplies: $3,000-Plus

Baby’s First Two Years: $25,360

Baby’s First Two Years: $25,360 (or $12,680 per year)

Here’s how baby’s first two years’ expenses break down by year for middle-income parents:

Housing: $3,680. Includes utilities, furniture, and appliances.

Food: $1,580

Transportation: $1,790

Clothing and diapers: $750

Health care: $1,180

Child care: $2,870

Other: $830. Includes personal care items, entertainment, and reading materials.

 

Raising a Child: $233,610

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