How much will it cost to raise your child?

Created in collaboration with FutureAdvisor. Calculations are based on predictions for a two-parent household from the U.S. Department of Agriculture's annual "Expenditures on Children by Families" report. Figures represent estimated average expenses for the younger child in a two-child family and are scaled to 2013 dollars using the Bureau of Labor Statistics' Consumer Price Index data. Since 2008, the USDA has calculated average childcare and education costs using data solely from the families who spent in this category, while in previous years it included those who didn’t spend in this category.