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Dual-Income Households Surge Amid Rising Child-Rearing Costs

12/6/2025

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Story summary
  • Dual-income households have become the norm, with 66.5% of married-couple families employing both parents.
  • The rising cost of raising a child now exceeds $40,000 annually, driving this trend.
  • The study shows wide state variation in income needed to stay home, with Hawaii at $102,773 and West Virginia and Arkansas around $68,000.
  • The findings underscore financial challenges for families and direct readers to SmartAsset’s website for detailed, state-specific income requirements.