It will cost a middle-income family about $241,080 to raise a baby born in 2012 from birth to age 18, according to an annual report by the US Department of Agriculture. The figure rises to $301,970 when adjusted for inflation and represents a 2.6 percent increase from 2011, the report said.
The costs include child care, education, health care, housing, and food. It’s more expensive to raise a child in the Northeast, where the report said it costs $277,170 overall to raise a child.
The USDA first published a report about the cost of child rearing in 1960 when a middle-income family could have expected to spend $25,230 to raise a child—the equivalent of $195,690 in 2012 dollars.
Here’s a look at how those costs break down.