What Does it Cost to Raise a Child


Surfing the internet one day I thought it would be interesting to see what it cost to raise a kid these days. Well guess what... - there is an APP for that. Okay, not really (well actually I don't know) however there is a calculator at

The results are self explanatory and they can be modified if you know the actual cost. Don't plan your retirement or investments by it but it is kind of interesting.

Overall Annual Cost Estimates
(Household Type = One Parent and Income = Less Than $56,870)
Housing Food Transportation Clothing Health Education Other Total

Madalyn's Estimated Annual Costs
Housing $3,612
Food $1,664
Transportation $1,097
Clothing $413
Health $710
Education/Childcare $3,312

Total $11,582

Housing expenses consist of shelter (mortgage payments, property taxes, or rent; maintenance and repairs; and insurance), utilities (gas, electricity, fuel, cell/telephone, and water), and house furnishings and equipment (furniture, floor coverings, major appliances, and small appliances).

Food expenses consist of food and nonalcoholic beverages purchased at grocery, convenience, and specialty stores; dining at restaurants; and household expenditures on school meals.

Transportation expenses consist of the monthly payments on vehicle loans, down payments, gasoline and motor oil, maintenance and repairs, insurance, and public transportation (including airline fares).

Clothing expenses consist of children’s apparel such as diapers, shirts, pants, dresses, and suits;footwear; and clothing services such as dry cleaning, alterations, and repair.

Health care expenses consist of medical and dental services not covered by insurance, prescription drugs and medical supplies not covered by insurance, and health insurance premiums not paid by an employer or other organization. Medical services include those related to physical and mental health.

Child care and education expenses consist of day care tuition and supplies; baby-sitting; and elementary and high school tuition, books, fees, and supplies. Books, fees, and supplies may be for private or public schools. The average child care and education expenses used in the Calculator are based on families who have these expenses. If you do not have these expenses, expenditures on a child should be adjusted to account for this (see Recalculate Button above).

Miscellaneous expenses consist of personal care items (haircuts, toothbrushes, etc.), entertainment (portable media players, sports equipment, televisions, computers, etc.), and reading materials (nonschool books, magazines, etc.).