Cost of raising a child
The cost of raising a child varies from country to country.
The cost of raising a child is different than the Average Spending on a child (USDA chart below) which is influenced by income.
The cost of raising a child is usually determined according to a formula that accounts for major areas of expenditure, such as food, housing, and clothing. However, any given family's actual expenses may differ from the estimates. For example, the rent on a home does not usually change when the tenants have another child, so the family's housing costs may remain the same. In other cases, the home may be too small, in which case the family might move to a larger home at a higher cost.
Developing countries 
|This section requires expansion. (March 2012)|
According to Globalissues.org, "Almost half the world — over three billion people — live on less than $2.50 a day." This statistic includes children. Using $2.50 a day, the cost is roughly US$900 for raising a child for a year, and US$16,500 for raising a child from birth to age 17.[original research?] Half of all children in the world live in poverty.
United Kingdom 
Based on a survey called "Cost of a Child" LV= (formerly known as Liverpool Victoria), it costs approximately £218,000 to raise a child in the United Kingdom from birth to 21 years of age. (In U.S. dollars, according to XE.com, based on mid-market rates on August 13, 2012 at 04:04 UTC, this amount would be approximately $341,684.32. The mid-market rates were 1 British pound being equal to 1.56736 U.S. dollars.)
United States 
$4,020 is the basic cost of raising each child per year as estimated by the Department of Health and Human Services for 2013, whether there is one child or many children.  $389,670 is the total basic cost of raising a child from birth to age 18, based on the 30 year average inflation rate of 3% increasing the $4,020 annual cost every year.
As stated by Texas A&M University Finance Professor H. Swint Friday, "The numbers, reported by the U.S. Department of Agriculture, are misleading to the point of outrageous. Often government statistics are produced for political objectives that cause the research methodology to be biased toward finding the highest dollar amount to support the objective. ...One mother...calculated the cost of raising her eight children at approximately $2,900 per head each year for a total of $52,000 for each child over the 18 years."
Based on a survey by the U.S. Department of Agriculture, the table below shows the estimated Average Spending on Children by Families. The table shows Spending based on a family with two children on a per-child basis. The data comes from the Consumer Expenditure Survey by the U.S. Department of Labor, conducted from 2005-06. The figures have been updated to 2011 dollars using the Consumer Price Index.
These figures from the USDA go up to age 18, and do not include any college or university education. Nor does it offer any Spending estimates if the child remains in the home as a dependent after the age of 18.
Both tables are for the United States overall, not based on any specific region in the country.
Dual-Parent Family 
|Before-tax income: Less than $59,410 (Average = $38,000)|
|0 to 2||2,990||1,160||1,170||640||630||2,040||420||9,050|
|3 to 5||2,990||1,260||1,230||500||590||1,910||620||9,100|
|6 to 8||2,990||1,710||1,350||570||660||850||630||8,760|
|9 to 11||2,990||1,970||1,350||580||710||1,290||630||9,520|
|12 to 14||2,990||2,130||1,480||690||1,090||880||700||9,960|
|15 to 17||2,990||2,120||1,630||730||1,010||910||580||9,970|
|Before-tax income: $59,410 to $102,870 (Average = $79,940)|
|0 to 2||3,920||1,405||1,690||760||850||2,860||890||12,370|
|3 to 5||3,920||1,490||1,740||610||800||2,740||1,090||12,390|
|6 to 8||3,920||2,100||1,860||680||940||1,680||1,110||12,290|
|9 to 11||3,920||2,400||1,870||710||1,000||2,110||1,100||13,110|
|12 to 14||3,920||2,580||1,990||840||1,410||1,910||1,170||13,820|
|15 to 17||3,920||2,570||2,150||900||1,330||2,400||1,050||14,320|
|Before-tax income: More than $102,870 (Average = $180,040)|
|0 to 2||7,100||1,900||2,550||1,050||980||5,090||1,790||20,460|
|3 to 5||7,100||2,000||2,610||880||930||4,970||1,990||20,480|
|6 to 8||7,100||2,630||2,730||970||1,080||3,910||2,000||20,420|
|9 to 11||7,100||2,980||2,730||1,010||1,150||4,350||2,000||21,320|
|12 to 14||7,100||3,190||2,860||1,170||1,610||4,700||2,070||22,700|
|15 to 17||7,100||3,180||3,020||1,280||1,520||6,460||1,950||24,510|
All numbers are in US dollars.
Single-Parent Family 
|Before-tax income: Less than $59,410 (Average = $26,350)|
|0 to 2||2,840||1,400||680||410||520||1,400||510||7,760|
|3 to 5||2,840||1,370||920||330||600||1,940||610||8,610|
|6 to 8||2,840||1,830||1,030||340||670||960||780||8,450|
|9 to 11||2,840||2,010||1,060||400||620||1,360||740||9,030|
|12 to 14||2,840||2,150||1,130||420||940||1,120||840||9,440|
|15 to 17||2,840||2,270||1,130||460||930||880||670||9,180|
|Before-tax income: $59,410 or more (Average = $107,820)|
|0 to 2||5,880||2,080||1,920||590||980||3,670||1,650||16,770|
|3 to 5||5,880||2,070||2,160||500||1,090||4,210||1,750||17,660|
|6 to 8||5,880||2,680||2,260||530||1,180||3,350||1,930||17,810|
|9 to 11||5,880||3,000||2,300||610||1,110||3,880||1,880||18,660|
|12 to 14||5,880||3,080||2,370||650||1,560||4,150||1,980||19,670|
|15 to 17||5,880||3,220||2,370||730||1,550||5,010||1,810||20,570|
All numbers are in US dollars.
See also 
- Shah, Anup (September 20, 2010). "Poverty Facts and Stats". Global Issues. Retrieved August 5, 2012.
- State of the World's Children, 2005, UNICEF
- Martin Ravallion, Shaohua Chen and Prem Sangraula, Dollar a day revisited, World Bank, May 2008
- Smithers, Rebecca (January 26, 2012). "Cost of raising a child rises to £218,000" (online). The Guardian. Retrieved August 12, 2012.
- "Currency Converter Widget" (online). XE.com. August 13, 2012. Retrieved August 12, 2012.
- "Income Guidelines". HHS. January 24, 2013. Retrieved March 31, 2013.
- Friday, H. Swint (July 20, 2007). "Cost of raising children not as high as government would have you believe". caller.com. Retrieved March 31, 2013.
- Lino, Mark. "Expenditures on Children by Families, 2011 (Miscellaneous Publication Number 1528-2011)" (PDF). United States Department of Agriculture, Center for Nutrition Policy and Promotion. Retrieved August 5, 2012.
- "Raising that '07 baby will cost $204,060 in U.S." - from Reuters, retrieved August 5, 2012.
- "Cost of raising children not as high as government would have you believe" - from caller.com, retrieved March 31, 2013.
- "Income Guidelines" - from Department of Health and Human Services (HHS), retrieved March 31, 2013.