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Story summary
- A LendingTree analysis finds that raising a child in the United States now costs more than $300,000, a nearly 30% increase in three years.
- The average annual expense is $16,857, including infant day care at $17,264.
- Hawaii has the highest cost at $412,661, with Alaska and Maryland following.
- Families spend 21.9% of their income on child-related costs, far above the federal guideline of 7%.
