Maryland and Virginia are among the top ten most expensive states to raise a child, according to a report by loan site LendingTree. Maryland is at the number 3 spot with a total annual cost per child of $25,156, and Virginia sits at eighth place with a $23,029 annual cost per child.
The study is based on a two-earner household with a girl younger than 5 years old, and accounts for factors like increase in rent and food, apparel (apparently girls’ clothes are more expensive), daycare, transportation, insurance premiums, and tax credits. Daycare was the most expensive factor, with over half of state’s average costs topping $10,000.
The number one spot? DC. But, we’re not burying the lede. The study compares DC with other states, not cities like San Francisco, where in 2020 the estimated daycare cost for a child under 2 was $29,508. Daycare is the main reason DC ranks so high—the average cost here is still a whopping $24,081 a year.
The full study can be found online here.
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September 17, 2021 at 02:57AM
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Maryland and Virginia Among the Top 10 Most Expensive States to Raise Kids - Washingtonian
"expensive" - Google News
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