Huffpost Parents

The Cost Of Raising A Child Today: $241,080 (INFOGRAPHIC)

Posted: Updated:

New parents, you might want to look away.

The USDA just released its estimate of what it will cost to raise a child born in 2012 until the age of 18. The grand total: $241,080 (or $301,970, taking inflation into account), which is 2.6 percent higher than the number from last year's report.

That's based on a middle-income family, defined as one earning between $60,640 and $105,000 a year.

Other fun facts from the government: it costs more to raise a child in the Northeast than in the South; housing costs more in urban areas than in rural ones; teenagers cost MUCH more to feed than toddlers. (The USDA also offers a tool to help families generate a more accurate estimate specific to their situation. Click here to start.)

The calculation includes such expenses as child care, health care, clothing, food, housing and transportation.

No, it didn't include college.

infographic cost of raising child

Infographic via the U.S. Department of Agriculture on Flickr

Also on HuffPost:

Close
The Most And Least Affordable States For Child Care
of
Share
Tweet
Advertisement
Share this
close
Current Slide

Suggest a correction

Around the Web

Baby on board? That could cost you half a million

Parents projected to spend $241K to raise a child born in 2012