how much does it cost to raise a child usa?
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According to a 2017 report from the U.S. Department of Agriculture, the average cost of raising a child from birth through age 17 is $233,610.
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The basic foster care rates currently range from $657 to $820 per month, depending on the age of the child. For children who have special requirements, there is a specialized care increment, ranging from $79 up to $840 per month, determined by the child's social worker.
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According to CreatingAFamily.org, domestic adoptions costs an average of $30,000. But that cost varies widely between an adoption agency cost of roughly $43,000, to hiring an independent adoption attorney at an average of $38,000.
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It costs an estimated $233,610 to raise a child to age 17, according to the U.S. Department of Agriculture. Autism Speaks, an autism advocacy organization, estimates the cost to raise a child with autism or an intellectual disability is $1.4 to $2.4 million.
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The costs for a private domestic adoption range from about $10,000 to $15,000. What's an international adoption? International adoptions are arranged through private agencies. The waiting period can often be as short as two years, and the costs run between $30,000 and $50,000+.
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According to the 2015 Expenditures on Children by Families report, a married, two-child, middle-income family (earning between $59,200 and $107,400 annually) could expect to spend approximately $12,680 in the first year of their younger child's life.
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Most preschool fees are comparable to the high prices charged by daycare centers. Depending on where you live and the quality of the preschool, average costs range from $4,460 to $13,158 per year ($372 to $1,100 monthly), according to the National Association of Child Care Resource & Referral Agencies (NACCRRA).
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It's a simple fact that the cost of raising a child in Canada is expensive! It's generally estimated that raising a child will cost you $10,000 to $15,000 a year until the age of 18 in Canada.
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According to the USDA, the total cost of raising a child born in 2013 until age 17 is $245,340. The average cost of the first year is right around $13,000 — and that doesn't even include the cost of childbirth [source: USDA].
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That being said, according to the 2019 Care.com Cost of Care Survey, the average babysitting rate for one child in 2018 was $243 per week, or $16.25 per hour.
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Other types of adoption usually do cost money. According to Child Welfare Information Gateway, working with a private agency to adopt a healthy newborn or baby or to adopt from another country can cost $5,000 to $40,000. Some agencies have a sliding scale based on the prospective adoptive parent's income.
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On average, a private domestic adoption will cost adoptive families $35,000–$50,000. With American Adoptions, these costs include the following services necessary for a successful adoption: Professional services for adoptive parents such as counseling, educational preparation, and general case management.
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The grand total cost of raising a child in Singapore amounts to at least $670,000. Your eyes aren't deceiving you; it takes more than half a million dollars to raise a child.
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Total start-up costs for a home daycare could range anywhere from $1000 to $4000. However, these costs will be much more if you plan to open your own daycare center.
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Clothing: The average cost for baby clothes is about $60/month for the first year, but again this varies and is highly correlated with income. Lower-income families make do with less than half that amount while you probably already know some parents who spend $60 on a single outfit. Diapers: Diapers also vary in cost.
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If you want to adopt a baby through a non-profit organization, you can typically expect costs in the range of $10,000 to $25,000, according to the IAC. Adoptive mothers and fathers must also remember that there can be various fees associated with other components of the adoption process.
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The average cost to have a baby in the US, without complications during delivery, is $10,808 — which can increase to $30,000 when factoring in care provided before and after pregnancy. ... But whether you have a vaginal birth or a C-section, the cost varies depending on what state you live in.