economy

Raising a child now costs over $300,000 in the U.S., study finds. See how your state compares.

Raising a child comes with a long list of expenses, from child care to additional groceries. But how much does that add up to over 18 years?

Raising a child now costs over $300,000 in the U.S., study finds. See how your state compares.

TL;DR

  • LendingTree estimates the cost of raising a child to 18 will reach $303,418 by 2026.
  • This figure is up 2% from a year earlier and is the first time it has surpassed $300,000.
  • The calculation assumes a couple earning the U.S. median family income of about $100,000, accounting for tax incentives.
  • College costs are not included, which could add an estimated $152,000.
  • 77% of respondents in a CBS News poll believe raising a family is harder today.
  • Costs in Alaska, Kansas, and Montana jumped over 20% in a year, while Hawaii is the most expensive state.
  • Infant child care costs are projected to decrease by $572 in 2026.
  • The total cost of child-rearing now approaches the median sales price of a home in the U.S.

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