The USDA (US Dept. of Agriculture) is responsible to report the average cost of raising a child in the United States. Housing represents the largest category of expense in raising a child; it is also the most variable expense in different regions of the country. We removed housing in our calculation because it is represented in the Debt Payoff section, under Mortgage Balances; however, we added some housing expense back into our calculation to account for other expenses not represented in a mortgage payment.
Our final calculation came to approximately $10,000 per year as an average annual expense to raise a child in the United States.
Update each child to a $10,000 annual cost, below.