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Raising A Child Actually Cost Way More Than You’d Expect

01/11/2017 at 7:20 | Posted by MRL Show
Andresr/Shutterstock
Photo Credit: Andresr/Shutterstock

Parenthood is full of years of priceless moments. But despite that, you CAN put a cost on it!

Maney, Roy and LauRen explored the costs of raising a child in the United States today and you probably have no idea how much it actually cot. Going off of 2015 data, the estimated cost of raising a child each year until they’re 17 is $233,610 (or about $14,000 a year). The Northeast is the most expensive place in the country to raise a child, with average costs being about $253,770, and the cheapest place is rural areas, where the average cost is $193,020.

Parents – how do you feel about the cost of raising a child in 2017? Let us know at @TheMRLShow!

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