The estimate is 1.8 percent higher than the previous year. Food for a baby in that first year averages out to £20 per week – amounting to £1,043.55 over the year. These expenses relate to housing, food, healthcare, child care, clothing, transportation, and education.They don’t include pregnancy costs or college fees. Average cost of a pram – the cheapest end of the scale is £100 but prices can soar to over £2000. While a child costs around $12,680 when he or she is between 0 and 2, a teenager between 15 and 17 costs around $13,900 annually. If that made your heart skip a beat, take a deep breath before you read on. The Average Cost of Raising a Child. This year, the average parent will spend $501 per child on back-to-school stuff alone, according to a Deloitte report. Ninety-seven percent of parents plan to buy back-to-school clothes… According to a 2017 report from the U.S. Department of Agriculture, the average cost of raising a child from birth through age 17 is $233,610. The USDA study failed to account for households beyond the traditional two-parent, middle-income household with two children. Average cost of a cot – a new cot can be anywhere from £70 to £700 but according to Baby Child’s study the average is £129.50.
To get things started, we've made some choices for you, based on a survey of BabyCenter parents and our research. The average family spends $1,800 per year on clothing. Just consider: According to a 2010 USDA report, the average middle-income family will spend roughly $12,000 on child-related expenses in their baby’s first year of life. (From 1960 until 2007, this category included families with and without the expense, which brought down the overall average cost. For families making under $59,200, the average cost to raise a child peaked around $9,980 in 2015, but in a wealthy household making more than $107,000 before tax, it could cost almost $24,000. USDA says food, transportation, clothing … How much does the average person spend on entertainment per year? Low-income families would spend $175,000, while those with much higher incomes would spend $372,000 .. The total figures come to £79,176 to raise a boy and £108,884 for a girl, a difference of £29,708. Upper-class families allocated an average of $44 per month to infant and toddler clothing in the same year and $78 to teen clothing allowances. The cost of raising a family looks very different depending on where you are.

To give you an idea, at the age of two, you will have to spend $16,100 a year for your child. Did you know that a baby could cost as much as £7,200 or as little as £1,600 in their first year, excluding childcare? The average cost of raising a child born in 2013 up until age 18 for a middle-income family in the U.S. is approximately $245,340 (or $304,480, adjusted for projected inflation), according to the latest annual "Cost of Raising A Child" report from the U.S. Department of Agriculture. To put that in perspective, a full-price university degree costs £27,750, and a dog costs only £18,700. Cost: $50 to $100 per month (after your baby starts solid food) "At one point, my daughter was eating five jars of organic Since 2008, this category has only included families with child care-related expenses.) 6. Parents can count on spending close to $50 per week ($2,448 per year) on diapers, formula and baby food alone. The bill for clothes, food, transport and other vital expenses is, on average, £3,700 a year. You might have read all the how-to books and picked a name but when it comes to the average cost to have a baby do you know what it is? According to RBS, the average cost of clothing for a child in the first 0-12 months adds up to £40 a month. By age two, parents are up to more than $12,500 per year. How much are baby products going to cost, and what are you likely to spend in year one compared to years one to four?