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What is the Average Cost of Kids per year? Average Kids Price

The average cost of raising a child up to the age of 18 depends on before tax income. For incomes up to $39,100 the total cost, which includes housing, food, transportation, clothing, health, child care/education and various miscellaneous costs is $124,800 or $6,000 to $7,000 a year. For incomes up to $65,800 it is $170,460 which works out to $9,000 or $10,000 per annum. With incomes over $69,800 the figure goes up to $249,180 which, on average, is about $13,000 to $14,000 a year. If the child also goes to college, the cost increases.

by Margaret Walker on Sat, 12/25/2010 - 03:40

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