# How much does a 5 year old cost monthly?

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## How much does a 5 year old cost per year?

The USDA breaks this further down into several age ranges; from birth to 2 years old, the average yearly cost is \$12,680. From ages 3-5, the yearly cost increases to \$12,730. By the time they’ve reached 9, that number is up to \$13,180. By the time they’re a teenager age 15-17, yearly the average cost is \$13,900.

## What is the average monthly expenses for a child?

Overall, the Economic Policy Institute pegs California’s average monthly child care cost at \$1,412.

## How much does it cost to raise a 5 year old?

Dual-Parent Family – USDA Average Spending per Child (not the basic cost of raising)

Age of Child Housing Total
Before-tax income: Less than \$59,410 (Average = \$38,000)
0 to 2 2,990 9,050
3 to 5 2,990 9,100
6 to 8 2,990 8,760

## How much does it cost to raise a child UK per month?

According to the Child Poverty Action Group, raising a child to the age of 18 costs a typical couple an eye-watering £151,000. This includes housing and childcare costs. That’s around £8,389 a year, or £699 a month.

## How much money does a family of 5 need?

Average monthly expenses for a family of 5:

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\$6,780, or \$81,361 annually. Yes, we do note that a family of five has lower monthly expenses than a family of four, according to the BLS.

## How much does a cat cost per year?

How Much Does it Cost to Own a Cat? While the actual cost of owning a cat is highly variable, the average cost to own a cat is \$809 per year, with the first year averaging \$1,174. As most cats live an average of 9 to 15 years, this becomes an average lifetime cost of \$7,646 to \$12,500.

## How much does a kid cost per year UK?

The Cost of a Child in 2019

Our annual Cost of a Child report this year finds that the overall cost of a child up to age 18 (including rent and childcare) is £185,000 for lone parents (up 19% since 2012) and £151,000 for couples (up 5.5% since 2012).

## What is the cost of raising a child?

In the US, the average cost of raising a child through the age of 17 is \$233,610. This figure is based on data compiled in the most recent Expenditures on Children by Families report completed by the United States Department of Agriculture (USDA).

## How much does it cost to raise a child 2020?

The cost of raising a child until age 17 is \$233,610 on average. Low-income married couples spend \$174,690 on average to raise a child. Low-income single parents spend \$172,200 to raise a child from birth until age 17. The average amount spent on raising a child in the Urban West is \$245,460.