HOW MUCH DOES IT COST TO RAISE A

CHILD?By Sharon

The cost of a raising a child can depend on many factors

Location

Single parent or both with both parents

Household income

College education for the child

Factors

Location-Utah

With both parents

Household income- of less than $60,000

College education-that includes a public school with a four year

degree

Costs Include: 0 to 17 years of age

Healthcare Food Housing Clothing Transportation Education Misc.

The cost for the first two years

Housing36%

Food12%

Clothing7%

Childcare21%

Healthcare6%

Misc.5%

Trans.13%

$30,420

Between 3 to 5 years of age $30,420

Housing: Stays the same

Misc.: Increases by $200

Childcare: Decreases by $170

Healthcare: Decreases by $40

Clothing: Decreases by $140

Transportation: Increases by $50

Food: Increases by $100

Every three years

Between Ages 6 to 8 years $29,370Between ages 9 to 11 years $31,770Between ages 12 to 14 years $33,090Between ages 15 to 17 years $33,360

Total cost for each for living expenses for 17 years

Housing $65,340 Misc. $13,380 Childcare $23,940 Healthcare $13,410 Clothing $12,390 Transportation $27,000 Food $32,970 College $86,430

Total cost from 0-17 years $275,254

Housing24%

Misc.5%

Childcare9%

Healthcare5%

Clothing4%

Trans.10%

Food12%

College31%