Raising a child is no bargain, but a new study finds Massachusetts parents are spending more than anyone else in the country.
Consumer Affairs recently examined the cost of parenthood across the country.
They found that the yearly cost of raising a child in Massachusetts is almost double the national average.
“Unfortunately, raising a child in Massachusetts costs an average of $28,000 annually, making it the most expensive state to raise a child,” said Brooklyn Bannister, a media relations specialist for ConsumerAffairs. “In comparison, the national average of raising a child in the U.S. is about $15,800.”
Brooklyn Bannister, a media relations specialist for ConsumerAffairs, spoke about the cost to raise a child in Massachusetts. (WJAR)
She continued, “To calculate this figure, we analyzed key expenses such as housing, food, childcare and taxes for a household with one child.”
What’s driving up prices?
ConsumerAffairs found childcare in Southern New England is really expensive.
“Massachusetts has the second highest costs, adding an additional $21,700 annually for families in Massachusetts – nearly double the national average for childcare costs, which is $12,000,” explained Bannister.
She continued, “The second factor that attributes to it is they have also the 4th highest housing cost, with about $5,000 extra annually for families.”
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