The Average Cost of Raising a Child

According to a report released on Monday by the U.S. Department of Agriculture, the average cost of raising a child born in 2015 to age 17 is estimated to be a staggering $233,610 –- and that doesn’t include college tuition!

In 1960, the first year the report was issued, a middle-income family could have expected to spend $25,230 ($195,690 in 2012 dollars) to raise a child through age 17.