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It Costs $245K for the Average Family to Raise a Kid

 
It Costs $245K for the Average Family to Raise a Kid

Contemplating whether or not to have a kid? It'll cost you--a quarter-million dollars, to be exact. According to a new U.S. Department of Agriculture report, the average American family will pay $245,340 to raise a child born in 2013. And that figure doesn't take into account college tuition or kids who live at home well into their twenties. Raising a child is most expensive in the Northeast, where the annual figure swells to $282,480.

How do you feel about this? Is this pretty accurate?

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