Cost of Parenthood $8000 More Expensive

7 years 5 months 1 week 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
JEFFERSON CITY - Missouri Attorney General Eric Schmitt wrote a letter of support to the Cameron football team after the... More >>
3 days ago Wednesday, December 04 2019 Dec 4, 2019 Wednesday, December 04, 2019 8:31:00 PM CST December 04, 2019 in News
COOPER COUNTY - Neighbors who live near the Lamine River have watched the search for missing Columbia woman, Mengqi Ji... More >>
3 days ago Wednesday, December 04 2019 Dec 4, 2019 Wednesday, December 04, 2019 7:17:00 PM CST December 04, 2019 in News
COLUMBIA - The victim of an attempted homicide in mid-November died in her home Friday. The Columbia Police Department... More >>
3 days ago Wednesday, December 04 2019 Dec 4, 2019 Wednesday, December 04, 2019 4:40:00 PM CST December 04, 2019 in News
COLUMBIA – Boone County's sales tax revenue has been steadily decreasing in recent years - and homeowners in the county... More >>
3 days ago Wednesday, December 04 2019 Dec 4, 2019 Wednesday, December 04, 2019 3:06:00 PM CST December 04, 2019 in News
ELDON - The National Alliance on Mental Illness, or NAMI, hosted the first of two community meetings on Wednesday to... More >>
3 days ago Wednesday, December 04 2019 Dec 4, 2019 Wednesday, December 04, 2019 2:30:00 PM CST December 04, 2019 in News
COLUMBIA - Former MU football coach Barry Odom released a statement Wednesday following his termination over the weekend. In... More >>
3 days ago Wednesday, December 04 2019 Dec 4, 2019 Wednesday, December 04, 2019 10:50:00 AM CST December 04, 2019 in News
JEFFERSON CITY -- The Missouri Special Olympics will host a meeting on Wednesday in search of volunteers to be part... More >>
3 days ago Wednesday, December 04 2019 Dec 4, 2019 Wednesday, December 04, 2019 8:00:00 AM CST December 04, 2019 in News
JEFFERSON CITY - It's been almost seven months since a tornado tore through Eldon and Jefferson City, but trauma for... More >>
3 days ago Wednesday, December 04 2019 Dec 4, 2019 Wednesday, December 04, 2019 7:00:00 AM CST December 04, 2019 in News
SEDALIA — Gov. Mike Parson has a plan for more and better jobs in mid-Missouri. The governor spoke at... More >>
4 days ago Tuesday, December 03 2019 Dec 3, 2019 Tuesday, December 03, 2019 8:32:00 PM CST December 03, 2019 in News
COLUMBIA - CoMoGives passed $100,000 of donations Tuesday on the third day of the month-long fundraising campaign for nonprofits in... More >>
4 days ago Tuesday, December 03 2019 Dec 3, 2019 Tuesday, December 03, 2019 7:53:00 PM CST December 03, 2019 in News
JEFFERSON CITY - Jefferson City business owners are dealing with damaged or demolished buildings from the tornado in May. Although... More >>
4 days ago Tuesday, December 03 2019 Dec 3, 2019 Tuesday, December 03, 2019 6:07:00 PM CST December 03, 2019 in News
(CNN) -- Winter is coming — for our French fries. Unusually cold and wet weather during the potato harvest... More >>
4 days ago Tuesday, December 03 2019 Dec 3, 2019 Tuesday, December 03, 2019 3:51:00 PM CST December 03, 2019 in News
COLUMBIA - Despite a disappointing end to the year, MU football has reasons to be optimistic for the future. ... More >>
4 days ago Tuesday, December 03 2019 Dec 3, 2019 Tuesday, December 03, 2019 2:26:00 PM CST December 03, 2019 in News
CAPE GIRARDEAU, Mo. (AP) — A dog who was dubbed the unicorn puppy because of a tail-like growth between his... More >>
4 days ago Tuesday, December 03 2019 Dec 3, 2019 Tuesday, December 03, 2019 1:49:07 PM CST December 03, 2019 in News
SPRINGFIELD, Mo. (AP) — A federal judge has ruled that an 1851 maritime law does not protect a company from... More >>
4 days ago Tuesday, December 03 2019 Dec 3, 2019 Tuesday, December 03, 2019 1:25:00 PM CST December 03, 2019 in News
COLUMBIA - Police have now released photos and are asking for assistance in identifying a suspect who ran into a... More >>
4 days ago Tuesday, December 03 2019 Dec 3, 2019 Tuesday, December 03, 2019 1:00:00 PM CST December 03, 2019 in News
CAMDEN COUNTY - Prosecutors filed charges on November 27 against a man deputies say committed numerous child sex crimes. ... More >>
4 days ago Tuesday, December 03 2019 Dec 3, 2019 Tuesday, December 03, 2019 12:34:00 PM CST December 03, 2019 in Continuous News
Kamala Harris is ending her bid for the Democratic presidential nomination in 2020. She told supporters in an email Tuesday... More >>
4 days ago Tuesday, December 03 2019 Dec 3, 2019 Tuesday, December 03, 2019 12:13:00 PM CST December 03, 2019 in News
Columbia, MO
Broken Clouds 37°
9pm 40°
10pm 40°
11pm 40°
12am 39°