If you planning to have a baby or babies, you want to read this and hear this first! It will cost $245,000 to raise a child born in 2013 to the age of 18 according to the USDA. That’s up almost 2% from 2012.

That total depends on where you live and how much you earn.  Families with high income could spend as much as $455,000, low income families in rural areas will spend about $145,500.

Child care is a huge burden it can often cost as much as the family home.

 

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