21th on 21 interesting Facts About the U.S.A: In the U.S. it costs US$245,000 to raise a child, before college.
The Department of Agriculture has released its latest report on what families spend raising their children, and it’s full of all sorts of statistics to make you think long and hard about adopting a dog instead. The headline figure: A middle-income married couple can now expect to spend $245,000 on their precious one from birth through age 17 (in other words: pregnancy and college not included). As a point of reference, the median new home sells for about $273,000. Meanwhile, in 1960, the inflation-adjusted price tag for a child was about $198,000. So in half a century, the expense has jumped about 24 percent.