Cost of Raising Child

Sum of rising annual costs with inflation (illustrative USDA-style midpoint).

Financial Disclaimer

This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.

Inputs

Years

Starting $/year

Inflation %

Tab to move between fields

Results

Total nominal

$369,375

Avg / year$20,521

How to Use This Calculator

Set the number of years to model (typically 18 for childhood through high school).
Enter your estimated first-year all-in cost (USDA estimates $16,000-$20,000+ for the first year).
Set the annual inflation rate for childcare and living costs (2-3% is typical).
Review the total nominal cost and average annual cost over the modeled period.
Add college costs separately using the College Savings Gap calculator for a complete picture.

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