Children cost a lot of money – level 3
23-06-2023 07:00
Raising children in the United States has become increasingly expensive, with the cost of living rising while wages remain stagnant.
A recent report has revealed the variations in child-rearing costs across different metro areas. By comparing the living costs of a household with one child to that of a childless household, the study found that the average annual cost to raise a child is approximately 20,813 dollars; however, it can go as high as 35,000 dollars, depending on the location. Childcare expenses make up nearly 50% of the annual cost, averaging around 9,000 dollars per year but reaching over 22,000 in certain areas.
The top five most affordable metro areas include Morristown and Sumter, while the least affordable areas are concentrated in California and Massachusetts.
Difficult words: stagnant (not growing or developing), rear (to bring up and care for a child), metro (a major city or metropolitan region).
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What impact does location have on the cost of raising children in the United States?
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