What is the average cost difference per year to raise a infant before schooling?
Bring in a new human being into the world and need to do some budgeting.
Southern California, suburb of a major city.
One income household with both parents.
Don't know who will be watching the child, depends on budget and if the other parent needs to work..
In the United State, living in a upper middle class society, what is the average cost of raising an infant, at each year (for the first 5 years before schooling starts)?
For example:
Average cost at age 1:
Average cost at age 2:
Average cost at age 3:
Average cost at age 4:
Average cost at age 5:
(1)1 Comments
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According to the USDA's Expenditures on Children by Families annual study (2013 is the latest I found):
Table 10. Estimated annual expenditures* on a child born in 2013 by income group,
overall United States
Income group
Year Age Lowest Middle Highest
2013 <1 ,480 ,940 ,430
2014 1 9,710 13,250 21,940
2015 2 9,940 13,570 22,470
2016 3 10,220 13,930 23,020
2017 4 10,470 14,260 23,570
2018 5 10,720 14,600 24,140
They don't provide a single value, but you could determine that by going to the Consumer Expenditure Survey and duplicating the USDA's methodology, which is included in their annual report.
They do explain that this varies significantly by income, single/double parent household, region, and other factors; many of these are broken out in the report.
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