Raising A Kid May Cost You Up To $250,000 Before 18 Yrs. Of Age

If you are planning on having kids anytime soon, prepare to spend close to a quarter million dollars on him or her by the time they turn 18. In the day and age we are in, it is no surprise here that it cost more today to raise a child.The U.S. Department of Agriculture estimated spending at an average of $226,920 per child. That goes up to $286,860 if inflation is factored in. Like any other thing, raising kids in bulk is cheaper. Reports indicate that if a family raises three or more children they actually spend 22 percent less than a family with just one child.

Expenses are highest in the northeast, followed by urban areas in the Midwest and west, with the south and rural areas across the country at the rear.