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January 10, 2017

Cost to raise a child now tops $233,000

  • But there's some good news for big families: Families with three or more children spend an average of 24 percent less per child.
    • By MARY CLARE JALONICK
    Associated Press

    WASHINGTON — Expecting a baby? Congratulations! Better put plenty of money in your savings account.

    The Department of Agriculture says the estimated cost of raising a child from birth through age 17 is $233,610, or as much as almost $14,000 annually. That's the average for a middle-income couple with two children. It's a bit more expensive in urban parts of the country, and less so in rural areas.


     
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