Cost of Raising Children Calculator
Planning for future expenses can be difficult while raising
a family but our cost of raising children calculator is a
useful way to estimate the cost from your child’s current
age to age eighteen. This calculator uses data from the report,
“Expenditures on Children by Families, 2003” (miscellaneous
publication number 1528-2003) published by the Center for
Nutrition Policy and Promotion of the United States Department
of Agriculture (USDA). Using the footnotes provided in the
report, costs are adjusted based on whether the family is
a single- or two-parent family, based on income level and
based on number of children.
- Use the radio buttons, drop downs and table cells to
enter data.
- The results of your calculations show in the box in the
middle of the calculator.
Household Description
Click the radio button that best describes your household.
Household Income
You can use this drop down to easily select the range of your
total household gross (pre-tax) income.
Ages of Children
The ages of your children can be entered in any order. Use
one box per child.
Results
The total cost of raising all your children to the age of
18 is estimated using data provided by the USDA combined with
the information you have provided.
Pie Graph
This pie chart breaks down the total cost of raising your
children by major cost categories to give you a more detailed
results. You can move your cursor over the section for a read-out
of that category.
Bar Graph
Our stacked bar graph offers year-by-year estimations of your
cost for raising your children. It also shows how your cost
will change as your children age to aid you in planning for
you families future.
Click
Here to open the Cost of Raising Children Calculator |
