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The Online Advisor

June 2008

Smart Business

Are children priceless?


Parents generally consider their children to be priceless, but one group has put a price tag on children.

The parenting Web site BabyCenter, using data from the College Board and the Department of Agriculture, estimates that raising a child born today through college will cost more than $338,000. If the child goes to a private college, add $70,300 to that amount.

The numbers vary depending on region of country, with the West totaling $426,190 (including private college tuition) and the Midwest costing $392,116.



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