U.S. DEPARTMENT OF AGRICULTURE: COST OF RAISING A CHILD IS $178,590
October 4, 2004
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The cost of raising a child in 2003 for middle-income families ($40,700 to $68,400) was projected to be $178,590, according to a recent study by the U.S. Department of Agriculture. Estimates are provided for major components of the budget by age of child, family income, and region of residence. The estimated annual expenditure is $10,760. The monthly expense is $897.
