In the U.S., it cost $310,605 to raise a child from birth to age 17.
Statistics from the Brookings Institution, an economic think tank, show that the average middle-income family with two children will spend $310,605 to raise a child born in 2015 up to age 17. That’s a significant jump from the figure published by the U.S. Department of Agriculture (USDA), which estimated the overall cost to be $233,610 in 2017 (using 2015 dollars).