Massachusetts Is The Most Expensive State To Raise A Kid In, Mississippi Cheapest

Source: https://www.zerohedge.com/personal-finance/massachusetts-most-expensive-state-raise-kid-mississippi-cheapest
Published: Dec 21, 2024
Author: Tyler Durden
Post Date: 2024-12-21 19:35:16 by Horse
Views: 852

ough costs vary from family to family, two working parents spend an average of around $23,000 per year raising one child in the United States.

This graphic, via Visual Capitalist's Bruno Venditti, illustrates the cost of raising a child by state, based on data compiled by SmartAsset as of February 2024.

Regardless of the state, childcare is the highest expense, followed by additional housing and food costs.

Housing costs include expenses for shelter (e.g., mortgage payments, property taxes, rent, and insurance), utilities (gas, electricity, fuel, cellphone, and water), and household furnishings and equipment. Childcare costs include education expenses, daycare tuition, babysitting, other childcare costs, and tuition for private schools.

These expenses do not account for the cost of a college education, which can add significantly to the overall financial burden.

Methodology

SmartAsset used the MIT Living Wage Calculator to compare the living costs of a household with two working adults and one child to those of a childless household with two working adults. Costs include expenses for food, housing, childcare, healthcare, transportation, and other necessities.

Massachusetts Tops the List

Massachusetts has the highest annual costs for raising a child, at $35,841 per year. Mississippi has the lowest annual costs, at $16,151 per year.

Poster Comment:

Tennessee is 43rd on the list. NY and Cali are 5 and 6.

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#1: Horse    To: All (#0)

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Antony Blinken: U.S. has provided Ukraine with over $100 billion in aid since 2022

The United States has provided approximately $100 billion in financial aid and military assistance to Ukraine since the escalation of the conflict in 2022, according to Secretary of State Antony Blinken.

Horse posted on 2024-12-21 19:36:00   Reply   Private Reply

#2: Dakmar    To: Horse (#0)

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Dakmar posted on 2024-12-21 19:44:50   Reply   Private Reply

#3: Dakmar    To: Horse (#0)

NYPD embroiled in high-level shakeup amid sexual misconduct claims, Eric Adams probe

The nation's largest police department is embroiled in a high-level shakeup amid the crisis engulfing Mayor Eric Adams and his administration.

On Friday night, the highest-ranking uniformed officer of the New York City Police Department abruptly resigned as he faced accusations of sexual misconduct.

Chief of Department Jeffrey Maddrey turned in his retirement papers as the New York Post was about to publish a story about a female subordinate's claim that Maddrey, at police headquarters in lower Manhattan, demanded sexual favors, and received them, in exchange for approving overtime.

Did I miss a Dr Seuss lesson?

Dakmar posted on 2024-12-21 19:55:49   Reply   Private Reply

#4: BTP Holdings    To: Dakmar (#3)

Did I miss a Dr Seuss lesson?

We never got in any trouble for demanding sexual favors from the Groupies at concerts so they could get backstage. ;)

BTP Holdings posted on 2024-12-21 20:08:07   Reply   Private Reply

#5: Dakmar    To: BTP Holdings (#4)

We never got in any trouble for demanding sexual favors from the Groupies at concerts so they could get backstage. ;)

I watched all of the Group-C Training films but that shit somehow just didn't fly in 1975 fifth grade gym class.

Dakmar posted on 2024-12-21 20:14:48   Reply   Private Reply

#6: BTP Holdings    To: Horse (#0)

SmartAsset used the MIT Living Wage Calculator to compare the living costs of a household with two working adults and one child to those of a childless household with two working adults.

I was dating this divorcee with two little boys back in west suburbs of Chicago in the late 80s. Her ex was the drummer in the Gordon Lightfoot band. When they split up, she got the kids.

She finally landed a job as a meter reader for Northern Illinois Gas. She was allergic to bee venom and had to carry an Epipen with her in case she stirred up a nest of Yellow Jackets. ;)

BTP Holdings posted on 2024-12-21 20:22:06   Reply   Private Reply