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U.S. Families Spend $26K Annually to Raise Kids

6/11/2025

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Summary

Story summary

U.S. families spend an average of over $26,000 annually on raising children, based on SmartAsset's analysis.
Boston ranks as the priciest city, with costs projected at $39,221 in 2025, a 3.87% increase from 2024.
Birmingham, AL, is the most affordable city at $19,082, reflecting an 8.06% decrease from the previous year.
St. Louis experienced a significant cost surge, with expenses rising over 20% last year.

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Story summary

U.S. families spend an average of over $26,000 annually on raising children, based on SmartAsset's analysis.
Boston ranks as the priciest city, with costs projected at $39,221 in 2025, a 3.87% increase from 2024.
Birmingham, AL, is the most affordable city at $19,082, reflecting an 8.06% decrease from the previous year.
St. Louis experienced a significant cost surge, with expenses rising over 20% last year.