Expecting a baby? Congratulations! Better put plenty of money in your savings account.

The Department of Agriculture says the estimated cost of raising a child from birth through age 17 is $233,610, or as much as almost $14,000 annually. That’s the average for a middle-income couple with two children. It’s a bit more expensive in urban parts of the country, and less so in rural areas.

The estimate released Monday is based on 2015 numbers, so a baby born this year is likely to cost even more. It’s a 3 percent increase from the prior year, a hike higher than inflation.

Read more

We are in the FINAL HOURS of our 4th of July Super Sale! Get double Patriot Points and free shipping on the hottest items!


Related Articles