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AGRIBUSINESS: It Can Cost More Than $250,000 To Raise One Child
A child born in 2013 will cost a middle-income family around $245,340 ($304,480 adjusted for projected inflation) according to a USDA report released mid-August. The numbers are 1.8 % up from 2012. The costs are lower in the urban South ($230,610) and rural ($193,590) regions. Families in the urban Northeast have higher than average costs ($282,480).