The cost to raise a child from birth to 18 years old in the US is $241,080 US Dollars (USD), based on 2013 estimates. This is an increase of more than 20% in real dollars — that is, after inflation is taken into account — in comparison with 1960. The biggest expense for raising children is housing, which is about 30% of the total cost. Childcare is the next highest expense, at about 18%, followed by food costs at 16% of the total. The cost of childcare is the fastest-growing expense and increased by 800% from 1960 to 2013.
More about the cost of raising children in the US: