The Cost of Having a Child in 2016

moneyHaving a child isn’t just hard work, it is expensive, especially on the surface if you are looking at what you will be paying for basic needs such as food and clothing. When you are calculating the costs of having a child, you go much deeper than this. You need to consider what it is going to cost you from conception, to the time that the child is old enough to take care of themselves fully. With this in perspective, it is easier for you to decide whether or not you are ready for the responsibility of bringing another person into the world.

It has been estimated that in the US, it will cost upwards of $245,000 to have a child and bring them up from being born all the way to being an adult. This is a rough estimate that takes into consideration the middle class needs of a normal family. These needs include the cost of feeding, housing, providing an education and other costs that you will incur. It is assumed that your child will have reached adult age when they turn 18 years old.

Pre-Natal Care

The primary costs associated with pre-natal care are usually to your income as well as to your medical care. You will find that you may qualify for some subsidies that will help to bring down the overall cost. You may also have medical insurance where you pay out a premium on a monthly basis so that you can be covered. These costs will vary depending on what you can afford but here is what you can expect on average. When you are having the baby, the costs of delivery can be around $10,000. This is assuming that you have a natural delivery, otherwise, with a caesarian, you may add another $5000 to this cost.


The next cost to consider could be housing, as this is where a bulk of our spending will occur. For the first two years, if you have been living in a small space, you will find that you can easily adjust to that space with your child. However, as your child gets older, you may have to move to a larger home to accommodate them better. The average that this will cost you over a period of 18 years is $107,000 in mortgage costs or rent.


For your child to become a productive member of society, they will need to have a good education. This include where they will be going to school from pre-school all the way through to their college education. On average, this will set you back approximately $45,000. It is advisable that you set aside a little bit of money each month into a college fund. This is where you will find that you are spending a bulk of this cost.


This is a major expense, as it is consistent and will continue throughout the life of your child. As they will be growing, you will constantly be purchasing new clothes so that they have something that fits them. Over a period of 18 years, you can expect that your average spend will come to around $34,000 in total.


From the first time that you purchase formula for your little one, you can expect an increasing food bill. The bigger they grow, they more that your child is going to consume. Therefore, this is an amount that you will need to include in your monthly budget. Basically, this is a cost that you can easily spread out over their journey to adulthood. On average, it will come up to about $39,000.

Medical Care

You will also need to get some medical insurance for your child, to help you weather the storm when they become unwell. There are a myriad of childhood diseases that your baby will be exposed to which can really set you back. If you want to avoid these, you can have some vaccinations done, though these will also have their own cost implication attached. You can count on having to spend around $20,000 on healthcare for the duration of their lives.

When you are planning to have your child, you should keep in mind that the costs of having a child will go up gradually from one year to the next. You will therefore need to have a plan in mind as to how you are going to also elevate your income to cushion these costs. One thing that you can look forward to is that if you have more than one child, than these costs begin to go down as you spread them between the children. One example is the cost of living which becomes easily divisible. Consider the income of you and your partner, and decide whether you will both be able to work to maintain your family.

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