How Much Does It Cost To Raise A Baby?
Did you know that raising a baby is expensive? Of course you do! But just how expensive are babies? Let’s take a look at a few of the costs.
The first major expense of having a baby is prenatal care and the actual delivery costs. On average, you will spend some $1,900 on prenatal care. For the delivery, it can be natural or by cesarean section. If the baby is delivered naturally, the average cost is $7,500. Otherwise, the average cost is $13,500. Balancing these probabilities, the average baby will cost you $12,800 at this stage.
Secondly, all mothers will experience some lost income. On average, new mothers can expect to lose $33,000 in income during the first two years.
Next we should consider the costs to feed and clothe your baby. On average, you will spend $9,360 to feed and clothe your baby during the first two years.
Then we should consider the costs for daycare. While these costs vary a lot, depending on the region of the country that you live in, the average mom will spend some $16,300 during the first two years for daycare.
Lastly, we must consider the costs of baby furniture. The average mom will end up spending some $2,579 just on this category during the first two years.
Adding these figures up, we can see that the average baby (the first two years of life) will cost you $74,039 to raise, on average! Now you know.
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