Cost of Parenthood $8000 More Expensive

6 years 8 months 2 weeks ago Wednesday, June 27 2012 Jun 27, 2012 Wednesday, June 27, 2012 3:39:00 PM CDT June 27, 2012 in News
By: Mary McGuire
loading

COLUMBIA - Raising children takes hard work, dedication and more money than ever. A new annual report released by the U.S. Department of Agriculture details that raising a child born in 2011 will cost $8,000 more than those born in 2010.

In 2011, middle-income families (those making between $59,410 and $102,870 per year) will spend about $235,000 over the course of 17 years for each child. This figure is a 3.5% hike from those children born in 2010. 

According to the study, lower income families (those who make less than $59,410 per year) can expect to spend a total of $169,080 per child from birth to high school. The bill for high-income families (income more than $102,870 per year) will run them $389,670.

So what's behind the sharp increase?

The cost of transportation was a major factor and 2011 saw record gas prices. According to Consumer Reports, the average gas prices as of April 19, 2010 were $2.86 per gallon, compared to $3.84 one year later. 

Child care and education costs also rose steadily. They now account for a large portion of most family's budgets, nearly 17%.

Melody Sablen, a mother of two, knows the extreme cost of childcare. Her family moved to Missouri for a job opportunity, and to be closer to Sablen's sister, who looks after her children during the week.

"I have my Master's, I'm a professional, it's still to expensive to work with two kids and pay for full-time child care," said Sablen.

Food, health care, and housing costs were also on the rise throughout the year.

The silver lining? According to the study, expenses per child decrease as a family has more children. Families with three or more children spend 22 percent less per child than families with two children.

The USDA has released an annual report on the average cost of rasing a child since 1960. The cost back then? $25,230 over the course of 17 years (or $191,720 in 2011).

The report is used to determine child support guidelines and foster care payments.

The full study can be found at: www.cnpp.usda.gov

More News

Grid
List
COLUMBIA - Tuesday morning the Boone County Fire Protection District responded to a residential house fire on North Boothe Lane.... More >>
2 hours ago Tuesday, March 19 2019 Mar 19, 2019 Tuesday, March 19, 2019 7:18:00 AM CDT March 19, 2019 in News
PETTIS CO. - According to the Pettis County Sheriff's Office, escapee Travis Davis was arrested by Sedalia Police Tuesday morning.... More >>
3 hours ago Tuesday, March 19 2019 Mar 19, 2019 Tuesday, March 19, 2019 6:24:00 AM CDT March 19, 2019 in News
SUNRISE BEACH - Community members are helping the Branding Iron Restaurant and Saloon owners rebuild after a fire destroyed their... More >>
11 hours ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 10:27:00 PM CDT March 18, 2019 in News
COLUMBIA – Peaceworks and Beyond Nuclear will be hosting an event Tuesday night to talk about possible effects nuclear waste... More >>
13 hours ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 8:29:00 PM CDT March 18, 2019 in News
COLUMBIA – Incumbent Mayor Brian Treece and his opponent Chris Kelly have been squaring off over money in advance of... More >>
15 hours ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 6:34:00 PM CDT March 18, 2019 in Target 8
COLUMBIA - The City Council authorized construction to relocate a portion of Route H to allow for the extension of... More >>
16 hours ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 5:04:00 PM CDT March 18, 2019 in News
JEFFERSON CITY - A priest at the Immaculate Conception Catholic Church in Jefferson City has been removed after accusations that... More >>
16 hours ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 4:58:00 PM CDT March 18, 2019 in News
GLASGOW - Flooding has begun in the Missouri River from runoff of water in neighboring states. The midwest snow... More >>
18 hours ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 3:26:00 PM CDT March 18, 2019 in News
COLUMBIA - Court documents allege Kyle McClain of Moberly fraudulently sold insurance plans to clients of the Central Pantry under... More >>
18 hours ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 2:56:00 PM CDT March 18, 2019 in News
PETTIS CO. - The Pettis County Sheriff's Department is saying escaped fugitive Travis Davis is back in mid-Missouri. Pettis... More >>
21 hours ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 12:28:00 PM CDT March 18, 2019 in News
CALLAWAY COUNTY - Carl DeBrodie's family continues to call for justice two years after their loved one's death. On... More >>
21 hours ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 11:51:00 AM CDT March 18, 2019 in News
ST. LOUIS (AP) — St. Louis police are investigating several shooting scenes after an unusually violent day, even for... More >>
23 hours ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 10:40:00 AM CDT March 18, 2019 in News
KANSAS CITY, Mo. (AP) — Hundreds of homes have flooded in several Midwestern states after rivers breached at least... More >>
1 day ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 9:13:00 AM CDT March 18, 2019 in News
CENTRALIA - The Lady Panthers Softball Team slid into success at the end of the season with some off-field accolades.... More >>
1 day ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 8:45:00 AM CDT March 18, 2019 in Sports
JEFFERSON CITY – The Missouri state capitol is going to be a lot quieter this week with lawmakers' spring break... More >>
1 day ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 6:24:00 AM CDT March 18, 2019 in Top Stories
BOONE COUNTY - Boone County will soon turn 200 years old, and county commissioners are working on a way to... More >>
1 day ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 5:16:00 AM CDT March 18, 2019 in News
MARIES COUNTY - A 13-year-old girl died in a house fire Sunday in Maries County, according to a Facebook post... More >>
1 day ago Sunday, March 17 2019 Mar 17, 2019 Sunday, March 17, 2019 9:10:00 PM CDT March 17, 2019 in News
COLUMBIA - The Columbia Improvement District is offering a grant incentive to downtown restaurants that would eliminate messy grease bins... More >>
1 day ago Sunday, March 17 2019 Mar 17, 2019 Sunday, March 17, 2019 5:42:00 PM CDT March 17, 2019 in News
Columbia, MO
Broken Clouds 38°
10am 42°
11am 44°
12pm 46°
1pm 48°