News

Report: Cost to raise today’s child tops $245,000

Report: Cost to raise today’s child tops $245,000

PAYING FOR BABY: The USDA's report was first issued in 1960, when a middle-income family spent about $25,230 per child. That's about $198,000 in 2013 dollars. Photo: clipart.com

WASHINGTON (AP) — A federal report finds that an American child born last year will cost a middle-income family an average of more than $245,000 until he or she becomes an adult.

The Agriculture Department’s report found that families in the urban Northeast tend to pay more on average than the rest of the nation. The costs of food, housing, childcare and education have risen 1.8 percent since 2012.

The USDA’s report was first issued in 1960, when a middle-income family spent about $25,230 per child. That’s about $198,000 in 2013 dollars.

Housing expenses made up 30 percent of the cost, followed by childcare, education and food. The report didn’t factor in expenses after a child turned 18, such as college tuition.

Recent Headlines

in Sports

This week’s top sports shots

Fresh
AP491836413688

A look at some of the biggest hits and best scores this week in sports.

in Sports

This weekend’s sports schedule

Fresh
mississippi

A complete look at this weekend's sports schedule.

in National

Making headlines this week

Fresh
AP15711298271

A look back on some of the biggest newsmakers this week.

in Local

Man dies in Cortland County collision

Fresh
crime

No charges have been filed.

in Local

State, local authorities increase DWI patrols for Halloween weekend

Fresh
crime2

Drivers should expect sobriety checkpoints and additional patrols.