If you think that Prince George is the only baby born in 2013 who's going to cost his parents a fortune to raise, think again. In the US, the average expense associated with a newborn's first year of life is $26,000, according to a recent study done by tech-based real estate brokerage Redfin. The analysis factored in the costs of housing, child care, health care, baby gear, and household energy usage that come along with adding a new little member to the family. While the specific expenditure varies greatly amongst individuals, where you live is one of the biggest factors in determining just how much a new baby is going to cost your family. Here, check out the highlights of Redfin's findings. The results may surprise you!
The 5 Least Expensive Cities to Raise a Baby In
- Atlanta, GA — Average cost $18,500
- San Antonio, TX — Average cost $18,700
- Las Vegas, NV — Average cost $19,500
- Houston, TX — Average cost $19,700
- Durham, NC — Average cost $21,100
Keep reading for the five most expensive cities to raise a baby in.
The 5 Most Expensive Cities to Raise a Baby In
- San Jose, CA — Average cost $41,600
- Santa Cruz, CA — Average cost $38,800
- New York, NY — Average cost $36,700
- San Francisco, CA — Average cost $35,900
- Boston, MA — Average cost $34,000
Want to know where your hometown ranks? See the results of the study on the cost of raising a baby in 2013 in their entirety here.