Current cost of raising a child: $221,000

The report by the USDA’s Center for Nutrition Policy and Promotion identified housing as the largest single expense, followed by food and child care/education costs. The $221,000 in expenses rises to about $292,000 when adjusted for inflation.
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USDA economist Mark Lino, who co-authored the report with Andrea Carlson, often hears people say children cost a lot when the annual findings are issued.

“I tell them children also have many benefits, so you have to keep that in mind,” he said.