Raising a child now costs more than $303,000, study finds

A significant amount of money is required to raise a child to age 18. This expense can be substantial, with the total cost exceeding $303,000. Breaking down the cost, it averages out to nearly $17,000 annually.

The expense of raising a child can vary greatly. Factors such as location play a role in determining the cost.

Further details on the study's findings are available, including recommendations for planning and preparing for the financial aspects of raising a child.