Brookings: Cost of Raising a Child Through Age 17 Exceeds $300,000

A new estimate from the Brookings Institution reveals the cost of raising a single child through their high school years — particularly one born in 2015 — has now eclipsed $300,000.

The primary cause of this assessment approaching four-year highs, relative to Brookings’ research: Inflation rates.

From its findings, Brookings asserts that a married, middle-income couple with two children would spend $310,605 — or a yearly average of $18,271 — to raise the younger child born in 2015, through age 17.

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