Quantcast

Report: It costs $241,080 to raise a child - abc27 WHTM

Report: It costs $241,080 to raise a child

Posted: Updated:
HARRISBURG, Pa. (WHTM) -

According to a new report released by the U.S. Department of Agriculture, a middle income couple can expect to pay $241,080 for a child born last year through the age of 18.

The figure includes cost for essentials like clothing and health care, as well as other items like clothing and electronics.

However, the estimate does not factor in the cost of college. The most expensive areas for parents are in the urban Northeast, the report says.

The kid cost figure is up 2.6 percent from 2011.

The increase comes at a time when the average income for families is also falling.

Some Midstate parents argued that the $241,080 estimate was too high. Others said it was too low. All said no matter the cost, it's a sound investment.

"Every penny we spend on our kids is money well spent," Patrick Hopkins from New Hampshire said.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Father, son among 12 charged for bath salts

    Father, son among 12 charged for bath salts

    Friday, August 8 2014 5:25 PM EDT2014-08-08 21:25:32 GMT
    Prosecutors have announced charges against 12 people, including a man and his son, for allegedly selling bath salts and other illegal drugs in Lebanon County.More >>
    Prosecutors have announced charges against 12 people, including a man and his son, for allegedly selling bath salts and other illegal drugs in Lebanon County.
    More >>
  • Coroner: Starvation contributed to death of Harrisburg boy, 9

    Coroner: Starvation contributed to death of Harrisburg boy, 9

    Tuesday, August 19 2014 3:19 PM EDT2014-08-19 19:19:58 GMT
    The Dauphin County coroner says starvation and dehydration contributed to the death of a 9-year-old Harrisburg boy.More >>
    The Dauphin County coroner says starvation and dehydration contributed to the death of a 9-year-old Harrisburg boy.More >>
  • Police: Family, pets were living in squalor

    Police: Family, pets were living in squalor

    Tuesday, August 19 2014 5:07 PM EDT2014-08-19 21:07:18 GMT
    "How do you feel when you see the kitties in there?" we asked a curious young girl peering into the side window of the trailer across the street from hers.More >>
    "How do you feel when you see the kitties in there?" we asked a curious young girl peering into the side window of the trailer across the street from hers.
    More >>
Powered by WorldNow