Raising a Kid Costs $300,000 Over 18 Years

Everything is expensive nowadays, so maybe this won't come as a shock, but a new LendingTree report says the average cost of raising a child in the U.S. is now more than $300,000 over 18 years.

 

 

And daycare remains the biggest expense across the country.

 

 

Hawaii ranked as the most expensive place to raise a child, with families spending more than $40,000 a year. Maryland was #2 and Massachusetts was the third most expensive.

 

 

On the other end, Mississippi was the cheapest state, followed by Alabama and South Dakota.

 

 

The study says parents now spend nearly 22% of their income on child-related costs. 

 

Read More HERE, HERE


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