Raising Children A Costly Endeavor

What’s it cost to raise  a child these days?

The personal finance website SmartAsset used data from MIT’s Living Wage Calculator to find that in the U.S., it costs close to 21-thousand dollars per year to raise a child.

California’s Bay Area is the most expensive region to raise kids.  Add another 43% to the 21-thousand dollars, for a total of 30-thousand dollars a year to raise a child in the San Francisco area.

Boston, Princeton New Jersey,  Ann Arbor and Kalamazoo, Michigan were also around 30-thousand dollars a year.


100 dollar bills growing in the grass.

Photo from Alpha Media Portland OR