New parents be warned: It could cost nearly a quarter of a million dollars to raise your child — and that’s not even including the cost of college.
To raise a child born in 2013 to the age of 18, it will cost a middle-income couple just over $245,000, according to newly released estimates from the U.S. Department of Agriculture. That’s up $4,260, or almost 2%, from the year before.
Estimates can vary widely depending on where you live and how much you earn.
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