How Much It Costs to Raise a Kid, in 4 Charts

<a href="http://www.shutterstock.com/pic.mhtml?id=127393325&src=id">Alan Bailey</a>/Shutterstock

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A middle-income family with a child born in 2013 can expect to spend about a quarter of a million dollars in child-rearing expenses over the next 18 years, according to a new report from the USDA.

Costs such as housing, food, transportation, clothing, health care, child care, and education will amount to an expected $304,340 ($245,340 in 2013 dollars) for middle-income families, a 1.8 percent increase from last year’s report. For each income bracket, costs will increase as the child ages:

Although households with incomes in the lowest third will spend less than half as much on child-related costs as higher income families, their spending will amount to a far greater percent of total income.

Housing is the highest child-rearing expenditure, amounting to 30 percent of expenses for middle-income, husband-wife families with two children. Raising a child is costliest in the urban Northeast and least expensive in rural areas.

USDA

The report notes that child-rearing costs have grown 24 percent since 1960, when a middle-income family could have expected to spend $25,230 ($198,560 in 2013 dollars). The USDA has also released an interactive calculator to help families estimate child-rearing costs based on type of household, number of children, location, and income.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

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Truth #3: Facebook owns this.

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Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

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