Having a baby is a daunting task, but have you ever thought about what are the most expensive cities to have a baby in America in 2015? Having a child is nothing like any of these, but they do an excellent job at giving you a hint of the mindset you will need to develop by the moment your offspring gets out of the oven.
Boston is one of them. To start off our list of the 11 most expensive cities to have a baby in America in 2015 is Boston with a lot more than the average to offer for new parents. Another one is Fairbanks. Estimated Cost of Raising a Child is $334,000+. The tenth spot goes to this city in Alaska with just a bit over our former contender on average. Oakland is on the list too. With California being an overall expensive state to live in, this entry should not surprise you at all. Estimated Cost of Raising a Child: $337,000+. Having a baby is very expensive these days. Not just food, but clothing, kinder gardens, healthcare and everything that goes with that commitment is very expensive. Nowadays it is a real luxury to have a baby, unfortunately. Precisely because in most countries in the West, mortality is increasing and the birth rate is declining. The cost of raising a child is usually determined according to a formula that accounts for major areas of expenditure, such as food, housing, and clothing. However, any given family’s actual expenses may differ from the estimates. For example, the rent on a home does not usually change when the tenants have another child, so the family’s housing costs may remain the same. In other cases, the home may be too small, in which case the family might move to a larger home at a higher cost.The tax exemption per child is $3,900 in 2013 which is based on the core cost of raising a child. Plus there is a tax credit up to 1000 dollars.
If you want to see what are the most expensive cities to have a baby in America in 2015, check Insider Monkey’s list 11 Most Expensive Cities To Have a Baby in America in 2015 and find out how much money do you need to raise a child.