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:

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 National

Making headlines this week

Santa Claus participates in the Macy's Thanksgiving Day Parade on Thursday, Nov. 26, 2015, in New York. (Photo by Scott Roth/Invision/AP)

A look at some of this week's biggest newsmakers and the headlines you may have missed.

in Sports

Cowboys’ Romo ‘done for season’


Dallas Cowboys veteran quarterback Tony Romo will miss the rest of the National Football League season after re-injuring his collarbone for the second time in 10 weeks, according to an ESPN report.

in Sports

College football: 5 games you can’t miss


Here is a look at some of the top college football games you'll see this week and their implications for the post-season.

in Local

NY to spend $2M in fight against invasive species

state leg

Some of the species include zebra mussels and the spiny waterflea.

in Local

Prosecutors seek 580 years for kidnapper of 2 Amish girls


The kidnapper will be sentenced Dec. 17 in federal court in Syracuse.