DC, Maryland, and Virginia among most expensive places in US to raise a child, study says
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WASHINGTON – The cost of raising a child in the United States is going up, and families in Washington, D.C., Maryland, and Virginia are facing some of the highest expenses in the country, according to a new LendingTree study.
Nationalaverageforchild-raisingcostssurgesby35%Thelatestdatashowsthattheaverageannualcostsassociatedwithraisingachildhasrisento$29,419,upfrom$21,681 twoyearsago.Thisisa35.7%increasesinceLendingTreelastreportedtheirfindingsin2023.
Over18years,thecostsadduptoanaverageof$297,674,minustaxexemptionsandcredits.
RaisingaChild:HighcostsintheDMVBythenumbers:
Marylandrankedfourthoverallonthelistwithatotalannualcostof$31,601.Washington,D.C.rankedninthwithatotalyearlyexpenseof$29,186.Virginiacameinfourteenthwithatotalannualcostof$26,666.
Marylandalsorankedamongthetopfourstateswiththehighest18-yearcostsassociatedwithraisingachild,at$310,040.Virginia’stotal18-yearcostscameinatfourteenthonthelistat$266,827.TheDistrictcameinfifti
