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Study: The cost to raise a child has increased 35% since 2023

Summary
A recent study by LendingTree revealed that the annual cost of raising a child has increased 35% since 2023, with the total cost heavily influenced by geographic location. In the most expensive states — Hawaii, Massachusetts and Washington — raising a single child can cost families between $32,000 and $36,000 per year. In contrast, families in Mississippi, South Carolina and Alabama face much lower expenses, with costs ranging from $16,000 to $18,000 annually.

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How much it costs to raise a child in the US

The cost of raising a child varies by state, by as much as $439,000.

·Los Angeles, United States
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Bias Distribution

  • 92% of the sources are Center
92% Center
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list23.com broke the news in on Monday, April 7, 2025.
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