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

14 mins ago in Local

Maguire makes plans official for new dealership on Route 13 in Ithaca

Fresh
Maguire plans

Plans call for construction of 50,000 square-foot facility on Route 13 between Cascadilla, 3rd streets; company plans to add nearly 60 people to workforce

53 mins ago in Local

More than 318 million lbs of e-waste diverted from NY dumps

Fresh
electrionics

The state's electronics recycling law has been up and running for the past three years.

59 mins ago in Local

Meeting on Seneca Army Depot may affect herd of rare deer

Fresh
Photo from the non-profit group Seneca White Deer. Credit: Carl Patrick

County officials will further discuss the measure at 6:00 p.m. Tuesday at the county building in Waterloo.

3 hours ago in National

White House seeks $1.8B in emergency funds for Zika virus

zikavirus

The World Health Organization has declared an international health emergency over the rapidly spreading virus.

3 hours ago in Local

West Village parents work to make kids’ “dreams a reality”

Photo Credit: WENY-TV

A grassroots group of parents is trying to help kids in a troubled area of Ithaca.