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The Cost of Raising Kids

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The Cost of Raising Kids

The Department of Agriculture tracks the costs associated with raising a child.  They do not include sending that child to college or supporting him/her after age 18, nor do they cover the many wants of a child- just the necessities.

See the full chart here

Dual-Parent Family

Age
of Child
Housing Food Transportation Clothing Health Child care/
Education
Miscellaneous Total
Before-tax income: up to $39,100
0 to 2 2,500 910 780 370 460 840 630 6490
3 to 5 2,470 1,010 750 360 440 820 680 6,630
6 to 8 2,380 1,300 880 400 510 560 680 6,710
9 to 11 2,150 1,560 950 450 560 340 720 6,730
12 to 14 2,400 1,640 1,070 750 560 240 900 7,560
15 to 17 1,940 1,780 1,440 660 600 400 660 7,480
Total 41,520 24,600 17,610 8,970 9,390 9,990 12,720 124,800
 
Before-tax income: $39,100 to $65,800
0 to 2 3,380 1,090 1,160 430 610 1,380 980 9,030
3 to 5 3,350 1,260 1,130 420 580 1,530 990 9,260
6 to 8 3,260 1,600 1,260 470 660 980 1,030 9,260
9 to 11 3,030 1,890 1,330 520 720 640 1,250 9,190
12 to 14 3,280 1,900 1,450 870 720 470 1,250 9,940
15 to 17 2,820 2,110 1,840 780 770 810 1,010 10,140
Total 57,360 29,550 24,510 10,470 12,180 17,430 18,960 170,460
 
Before-tax income: $65,800 and up
0 to 2 5,370 1,440 1,630 570 700 2,090 1,630 13,430
3 to 5 5,340 1,630 1,600 560 670 2,270 1,650 13,720
6 to 8 5,250 1,970 1,720 610 770 1,560 1,690 13,570
9 to 11 5,020 2,290 1,800 670 820 1,090 1,720 13,410
12 to 14 5,270 2,400 1,920 1,100 830 840 1,900 13,170
15 to 17 4,810 2,530 2,330 1,000 870 1,470 1,660 14,670
Total 93,180 36,780 33,000 13,530 13,980 27,960 30,750 249,180

Single-Parent Family

Age
of Child
Housing Food Transportation Clothing Health Child care/
Education
Miscellaneous Total
Before-tax income: up to $39,100
0 to 2 2,240 1,010 730 330 220 530 380 5,440
3 to 5 2,550 1,060 640 350 330 720 500 6,150
6 to 8 2,710 1,340 740 410 390 650 670 6,910
9 to 11 2,600 1,550 530 420 490 310 540 6,440
12 to 14 2,600 1,550 620 710 520 400 520 6,920
15 to 17 2,760 1,690 970 830 520 300 600 7,670
Total 46,380 24,600 12,690 9,150 7,410 8,730 9,630 118,590
 
Before-tax income: $39,100 and up
0 to 2 4,820 1,560 2,220 470 510 1,290 1,580 12,450
3 to 5 4,820 1,650 2,130 500 690 1,620 1,690 13,410
6 to 8 5,290 1,980 2,240 570 790 1,510 1,870 14,250
9 to 11 5,180 2,380 2,030 580 950 880 1,740 13,740
12 to 14 5,190 2,380 2,110 950 1,000 1,260 1,720 14,560
15 to 17 5,340 2,470 2,290 1,090 990 1,030 1,800 15,010
Total 92,850 37,110 39,060 12,480 14,790 22,770 31,200 250,260

So, on the low end, you are looking at $118,590 and the upper end, $249,180.  Single parent families traditionally have less to spend on their kids and get by on less. (I wonder if that includes dual-parent households with a single income?)

I would challenge a lot of these numbers as being way too low, especially in the Child Care/Education column.  If you have in infant in child care, you are spending a lot more than these numbers- infant child care runs $120-$250 per week in most areas. And the Health Care column?  Makes me wonder what kind of awesome insurance these parents have or if they never go to the dentist!

What do you think?  Is this chart realistic?

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