News

Report: Cost to raise today’s child tops $245,000

Report: Cost to raise today’s child tops $245,000

PAYING FOR BABY: The USDA's report was first issued in 1960, when a middle-income family spent about $25,230 per child. That's about $198,000 in 2013 dollars. Photo: clipart.com

WASHINGTON (AP) — A federal report finds that an American child born last year will cost a middle-income family an average of more than $245,000 until he or she becomes an adult.

The Agriculture Department’s report found that families in the urban Northeast tend to pay more on average than the rest of the nation. The costs of food, housing, childcare and education have risen 1.8 percent since 2012.

The USDA’s report was first issued in 1960, when a middle-income family spent about $25,230 per child. That’s about $198,000 in 2013 dollars.

Housing expenses made up 30 percent of the cost, followed by childcare, education and food. The report didn’t factor in expenses after a child turned 18, such as college tuition.

Latest Stories

in Entertainment

Cosby said he got drugs to give women for sex

Fresh
cosby

The AP reports that during a 2005 deposition "The Cosby Show" star admitted to giving sedatives to at least one woman.

in Sports

MLB: 4 Royals elected All-Star starters

joseallstar

Houston second baseman Jose Altuve passed Kansas City's Omar Infante in the final days of voting, leaving four Royals as starters for the All-Star Game.

in Albemarle County, Local

Juvenile Arrested In Woodbrook 7-11 Robbery

Robbery Suspect Woodbrook 7-11 070115

Albemarle Police say the female who robbed the Woodbrook 7-11 was a juvenile.

in Albemarle County, Local, Surrounding Counties

Westbound 64 Down To One Lane Tuesday

VDOT Taffic

A section of westbound I-64 in the Ivy area will be down to one lane Tuesday.

in Albemarle County, Charlottesville City, Election, Local, Surrounding Counties, UVA

Hurt Forecasts More Spikes In Health Insurance

Updated
Hurt in Albemarle 102813 CC

Hurt forecasts future increases in health insurance premiums.