Question
What is the average annual cost of raising a child? According to the US Department ofAgriculture,the cost of raising a child until the age of
What is the average annual cost of raising a child?
According to the US Department ofAgriculture,the cost of raising a child until the age of 18 is approximately $284,570 per child (adjusted for inflation)for a two-parent, middle income family (earning between $60,000 and $100,000) living in the Midwest.This figure includes food, shelter, and other necessities but does not factor in the cost of a college education.
Given these factors, what is the average cost of raising a child for a year? (Round up to the nearest dollar. Enter number without dollar sign or comma. For instance, if your answer is $240,962, enter 240962.)
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