How much will a baby cost me per month?

The average cost of raising one child in 2019 works out to almost $1,500 per month. Whoa, baby.Home Country: 

How much on average would a baby cost per month? If you take into account an average annual inflation rate of 2.2 percent – as well as the fact that one-child households spend an average of 27 percent more on the single child – that $12,680 could be over $17,500 in a one-child, middle-income household in 2019, which equals out to almost $1,500 a month. Whoa, baby.

How much does infant formula cost per month? The average baby will need about 4 cans per months, which equals about $50. On average, it’s best to budget at least $3 to $5 per day. This will all depend on the amount of baby formula your baby has to drink. The older they get, the more formula they will require.

How much does it cost to raise a baby? Raising a child 0-2 carries an average annual cost of $12,680, while raising a teenager costs parents about $13,900 each year. Given that in 2017 the median household income in the U.S. climbed to $61,372 (before taxes), it’s no surprise that raising a child is a huge financial strain – and the average household has 1.9 children.

How much does the formula cost per month? Store brand formula (which most doctors say is just as good as the name brand) usually costs about $12 for the larger can. This will last about a week, depending on how many ounces your baby drinks per day. The average baby will need about 4 cans per months, which equals about $50.

How much do you spend on Baby per month?

How much do you spend on Baby per month? The average baby goes through six to 10 diapers a day, which, according to the National Diaper Bank Network, can set you back $70 to $80 per month, or about $900 a year. If you choose not to breastfeed, formula can cost up to $150 per month, or about $1,800 a year.

How much does a newborn cost per month? Just consider: According to a 2010 USDA report, the average middle-income family will spend roughly $12,000 on child-related expenses in their baby’s first year of life. By age two, parents are up to more than $12,500 per year.

How much does infant formula cost per month? The average baby will need about 4 cans per months, which equals about $50. On average, it’s best to budget at least $3 to $5 per day. This will all depend on the amount of baby formula your baby has to drink. The older they get, the more formula they will require.

How much do your children cost per month? The average cost of raising one child in 2019 works out to almost $1,500 per month. Whoa, baby.

Related Posts