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Thursday, March 28, 2024 - 04:46 AM

INDEPENDENT CONSERVATIVE VOICE OF UPSTATE SOUTH CAROLINA

First Published in 1994

INDEPENDENT CONSERVATIVE VOICE OF
UPSTATE SOUTH CAROLINA

Charleston earned the #5, Columbia #6 and Greenville #7 as the cheapest US Metros to have a baby. As far as state rankings are concerned, South Carolina comes in at #8.

Everyone knows that having a baby is incredibly expensive, from delivery or adoption costs to outfitting a household with strollers, bottles, cribs and layettes. But even if friends and family come together to provide everything needed on day one, there are ongoing costs of raising a child. So how much should a typical couple expect to budget each month?

The study: Monthly Basic Baby Budget. The basic ongoing monthly cost of raising a baby where you live.

To find out, MagnifyMoney looked at some average costs (and one tax credit), both by state and for the 100 largest metros in the U.S.:

  • The difference in rent between a typical one-bedroom and two-bedroom apartment
  • Average cost of a day care center
  • Average cost of baby apparel, diapers and wipes
  • Average additional food costs
  • Average cost of adding a dependent to workplace insurance
  • Federal tax credit
This is the link to the full study which just published. https://www.magnifymoney.com/blog/news/cheapest-and-most-expensive-states-to-have-a-baby/.

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