What is the average cost to raise a child from age 1-18 yrs?

Question

How much do you think its cost to raise a girl for 18 years? Not including rent or medical. Just the price of food, clothing, and nessesity needs from a lower to middle class family? Any ideas?

Answer 1

I spend about $700 a month for two children.... and believe me we get by with the bare minimum.... We don't have any lavish habits or outings...

Answer 2

the first thought that came to my mind upon reading this post was 1. WHY is college tuition fee is America ridiculously expensive? WHY do colleges need so much money? A college is NOT a company like Apple or Microsoft. My sister will graduate from her 4 years of university soon and the total coast of tuition pee paid during those 4 years....is OMG too much. the amount is almost as much as the U.S. national debt. 2. do colleges REALLY need a lot of money? 3. America is currently facing an economic crisis; it is predicted to be one of the worst ever in U.S. history. So unemployment is a rising issue, the economy is getting spoiled and there are more innocent citizens suffering beneath the poverty line. And i am NOT against the government but the federal government doesn't seem to be sorting it out well. I don't know that much about the ecnonomy, so I learned from my sister (she's a business / economics major) and i can tell that the nation, the economy and so on are all facing a crisis. Soo....i don't know but unless the government promises to like help the poor pay for college or something I strongly suggest that colleges DO NOT raise tuition fees. Otherwise...America will face an even worse educational crisis. Does the stuff I typed make sense? hope it does. And......the good news is that the expensive tuition fee paid to a great college was actually worth it since my sister got a great job 2 weeks before graduation.

Answer 3

For 2004, the newest data available, the U.S. Department of Agriculture estimates that families making $70,200 a year or more will spend a whopping $269,520 to raise a child from birth through age 17. Higher-income families in urban areas in the West spend the most, $284,460.

Though not as steep, the figures for lower-income families are just as unsettling: $184,320 for families earning $41,700 to $70,200 and $134,370 for families making less than that. That breaks down to nearly $15,000 a year from birth to age 2 for families in the $65,800 -plus income bracket. As your child ages, he or she gets even more expensive, topping out at $15,810 from ages 15 to 17.

Answer 4

hi there

i have a 2 year old and i estimate me spending over 18 years the following amounts:

Food $177,760 for 18 years
Clothing $150,200 for 18 years
Schooling $310,340 for 18 years
General waste $167,950 for 18 years

Total $806,250+ (the price you pay for a 3 bedroom house)

These are just estimates so don't quote me on them but there are lots more expenses to pay out over 18 years...... but in the end i recon it is all worth it : ) and to add we are a middle class family.....

Answer 5

200 per month food 50 per month clothes thats 600 per yr for clothes and 2400 per yr for food totaling 3000.And needs add 100 per month for odds and ends comes out to roughly 4200 so ide say you can provide for achild fairly well for 5000 a year NOW ADD DENTAL AND HAIRCUTS AND MEDICAL THATS A WHOLE DIFFERENT BALLFIELD

Answer 6

well i have spent over 5000 in the first two years, and I am definetly lower class.

Answer 7

it depends what budget your on, if you send her to private or public school, if you buy her brand name clothes or second hand clothes, if you spoil her with ipods and fancy gadgets or if you raise her to be humble...

Answer 8

it can cost up to 1 million dollars!

Answer 9

well ... lol , let see,lol.. mmm 2 arms a leg, a heart,,,,,, an a bad mind, lol,,, , but it worth it all

Answer 10

lol.. that ? cannot be accurately answered!! the older they get the more expensive they get!