What expense makes up the largest percentage of the cost of raising a child?

Housing is arguably the most significant expense associated with raising a child. In the USDA report, housing costs make up 29\% of the overall cost of raising a baby.

What is the approximate average cost of raising one child?

It should come as no surprise that having and raising children comes with a hefty price tag. In 2017 the U.S. Department of Agriculture (USDA) estimated that the average cost of raising just one child from birth up to age 17 is about $233,610.

How much does a child cost over a lifetime?

Middle-income, married-couple parents of a child born in 2015 may expect to spend $233,610 ($284,570 if projected inflation costs are factored in*) for food, shelter, and other necessities to raise a child through age 17. This does not include the cost of a college education.

How much does it cost to raise a child in Canada?

It should be no surprise that the cost of raising a child in Canada is expensive! It’s generally estimated that raising a child will cost you $10,000 – $15,000 a year until the age of 18 in Canada.

How much does it cost to raise a child monthly Philippines?

What is the Estimated Monthly Cost of Raising a Child in the Philippines? Considering all the factors mentioned above, raising a child in the Philippines from birth until the legal age of 18 requires at least PHP10,000 each month or PHP 120,000 a year.

How much does it cost to raise a family in Canada?

Raising a child in Canada is expensive. When you add up the cost of pregnancy, birth, preschool, healthcare, housing, food, education, and other expenses, the total can exceed $200,000. According to MoneyWise, raising a child born into adulthood will cost an average of $10,000 – $15,000 a year.

How much does it cost to raise a child in Australia?

It found that the cost of raising two children would likely range from $474,000 to $1,097,000 over the course of their childhood. For one child, that’s an estimate of $13,166 to $30,472 every year or $237,000 to $548,500 over 18 years.

How much does it cost to raise a family in the Philippines?

As we mentioned above, living comfortably in the Philippines requires a salary between 30,000 to 40,000 pesos for locals. But an additional 10,000 pesos would be recommended if you are moving to the Metropolitan area of Manila. So a total of 40-50K Pesos would be needed to live comfortably in Manila as a local.

How much does a baby cost in the first year Philippines?

Basic expenses for one whole year generally cost at least ₱108,000, and these are the bare minimum expenses without having to cut back on providing what the baby needs. Expanded expenses can go from ₱157,600 and up.