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The Cost of Raising a Child in the USA

6 days ago   |   By 24/7 Mom

You've heard it before: “Kids are expensive.” But now a new report has calculated approximately HOW expensive: $245,340, to be exact. Yep, that's what the USDA's Expenditures on Children and Families study says it will cost today's parents to raise a baby who was born last year, in 2013, to the age of 18.
Yikes!
Precisely how much it'll cost you varies by region. So say, if you're in the urban South, a little one will run ya just about $231K and if you live in a rural area, you'll get by on a lean $193K-ish. The priciest, of course, is where I live, in the urban Northeast, where it's...
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