{"id":17181,"date":"2013-08-07T05:59:40","date_gmt":"2013-08-07T12:59:40","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=17181"},"modified":"2020-10-06T12:58:41","modified_gmt":"2020-10-06T19:58:41","slug":"baby-youre-expensive","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/baby-youre-expensive\/","title":{"rendered":"Baby, You’re Expensive!"},"content":{"rendered":"

The Duke and Duchess of Cambridge have a lot on their plates these days with the arrival of Prince George. Unlike most people, William and Kate do not need to worry about the financial costs and the 1,200 royal staff<\/a> should also help ease the burden. For the rest of us, starting a family can be a huge financial challenge. Between home preparation, long nights, diaper changes, and feedings, parents can easily overlook the endless tab they are about to rack up thanks to their new little bundle of joy.<\/p>\n

A million dollar baby<\/em> is probably a stretch, but over the 18+ years you raise your child, you might come close. In the U.S., the average cost for a baby\u2019s first year comes out to about $26,000<\/strong> if you upgrade your house, use daycare, have insurance and buy the typical things parents buy. This report will present these costs throughout the United States to help prepare you for the financial side of raising a baby.<\/p>\n

\"Cost<\/p>\n

In our analysis, we broke down costs into five main categories:<\/p>\n