“In today’s economy, it’s important to be prepared with as much information as possible when planning for the future,” Kevin Concannon, USDA’s food, nutrition and consumer services undersecretary, said in a statement.
The report found geographic variations in the cost of raising a child. They were the highest in the urban Northeast at $282,480, followed by the urban West at $261,330 and the urban Midwest at $240,570, which includes Iowa and South Dakota. The urban South came in the lowest at $230,610 for each child.
Child care costs have soared dramatically since the first report 53 years ago. Back then, a middle-income family could have expected to spend $25,230 ($198,560 in 2013 dollars) to raise a child until the age of 18. Housing was the top cost for parents back then, too.