Category Archives: Parents

Quarter-million-dollar baby: Cost of raising kids

Young girl with magnifying glass and pile of coins

Kids cost HOW much?

Let’s face it: Kids don’t come cheap. But ask any parent and they’ll more than likely say their children were well worth the cost in not only time and treasure but blood, sweat and tears, as well. But have they—or you—actually thought about just how much, in dollars and cents, it actually costs to raise a kid to age 18? Well, the federal government has done the math for you. According to the U.S. Department of Agriculture, middle-income American parents can expect to spend a total of $245,340 to raise a child who was born in 2013 (the latest year for which figures are available).

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