In the United States, the average combined public and private cost to raise a child from birth to age 18 is $502,152, according to a recent analysis. About 23% of the total cost was attributed to informal educational experiences, including lessons, community group participation, religious activities, and visits to libraries, museums, concerts, plays, and other cultural activities.

The next largest components were nutrition, at 22% of the total, and housing, at 16%. Formal education accounted for 15% of total costs and was calculated using teacher and administrator salary expenditures.

Six additional domains each accounted for less than 10% of . . .

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Combined Public & Private Cost To Raise A Child To Age 18 Averages $502,152

In the United States, the average combined public and private cost to raise a child from birth to age 18 is $502,152, according to a recent analysis. About 23% of the total cost was attributed to informal educational experiences, including lessons, community group participation, religious activities, and visits to libraries, museums, concerts, plays, and other cultural activities.

The next largest components were nutrition, at 22% of the total, and housing, at 16%. Formal education accounted for 15% of total costs and was calculated using teacher and administrator salary expenditures.

Six additional domains each accounted for less than 10% of . . .

Want To Read More? Log In Or Become A Paid Member
Resource Available For Paid OPEN MINDS Circle Members Only
Not a paid member? Don't miss out! Sign up today and receive unlimited organizational access to all OPEN MINDS strategic advice, market intelligence, and management best practices – over 250,000 resources!
If you are already a paid member, log in to your account to access this resource and more. If you are a free member, you will need to upgrade to a paid membership before accessing this resource.

If you are not yet a paid member, learn more about the OPEN MINDS Circle Market Intelligence Service Membership on our website, reach out to our team at info@openminds.com, or call us at 877-350-6463.